PHINIA (NYSE:PHIN) Lowered to "Hold" Rating by Zacks Research

Key Points

• Zacks Research downgraded PHINIA (NYSE:PHIN) from a "strong‑buy" to a "hold"; the stock's consensus rating is currently Hold (3 Buys, 6 Holds) with an average price target of $68.80.
• PHINIA reported quarterly EPS of $1.18, missing estimates of $1.35, while revenue of $889 million beat expectations and rose 6.7% year‑over‑year.
• Two company VPs sold shares in early March, reducing their positions; insiders now own 2.0% of the company while institutional investors hold approximately 90.94%.

PHINIA (NYSE:PHIN - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

PHIN has been the topic of several other reports. UBS Group reiterated a "neutral" rating and set a $76.00 price objective on shares of PHINIA in a report on Friday, February 13th. Freedom Capital lowered shares of PHINIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 26th. Northland Securities set a $93.00 price objective on shares of PHINIA in a report on Friday, February 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of PHINIA in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of PHINIA from a "buy" rating to a "strong-buy" rating in a report on Sunday, February 22nd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $68.80.

PHINIA Price Performance

Shares of NYSE PHIN opened at $68.88 on Tuesday. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 21.19 and a beta of 1.36. PHINIA has a 52 week low of $38.44 and a 52 week high of $81.11. The company's 50-day moving average price is $70.52 and its 200 day moving average price is $63.02. The company has a current ratio of 1.86, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.17). The business had revenue of $889.00 million during the quarter, compared to analyst estimates of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. PHINIA's revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, research analysts forecast that PHINIA will post 4.21 earnings per share for the current fiscal year.

Insider Activity at PHINIA

In related news, VP Neil Fryer sold 624 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total value of $45,396.00. Following the transaction, the vice president owned 18,180 shares in the company, valued at approximately $1,322,595. This trade represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher Gustanski sold 3,812 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the transaction, the vice president owned 14,871 shares in the company, valued at $1,081,567.83. The trade was a 20.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.00% of the company's stock.

Institutional Trading of PHINIA

Large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in PHINIA by 76.5% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,151 shares of the company's stock valued at $7,021,000 after acquiring an additional 52,957 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in PHINIA by 736.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,170 shares of the company's stock valued at $2,022,000 after acquiring an additional 30,966 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in PHINIA in the third quarter valued at approximately $1,915,000. Tudor Investment Corp ET AL acquired a new stake in PHINIA in the third quarter valued at approximately $3,850,000. Finally, Assenagon Asset Management S.A. acquired a new stake in PHINIA in the third quarter valued at approximately $3,866,000. Institutional investors and hedge funds own 90.94% of the company's stock.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.

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