PHINIA (NYSE:PHIN) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded PHINIA from “buy” to “hold,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $76.33.
• PHINIA reported quarterly revenue of $940 million, exceeding estimates, but earnings per share of $1.53 fell short of the $1.57 consensus forecast. Analysts expect full-year EPS of approximately $6.18.
• Shares opened at $75.07, with a 12-month range of $50.79 to $86.93; institutional investors own a substantial 90.94% of the company, while recent insider transactions involved sales by two vice presidents.

PHINIA (NYSE:PHIN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Several other research firms have also weighed in on PHIN. Weiss Ratings raised shares of PHINIA from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Zacks Research lowered shares of PHINIA from a "hold" rating to a "strong sell" rating in a research report on Monday, August 3rd. KeyCorp began coverage on shares of PHINIA in a research note on Friday, June 12th. They set an "overweight" rating and a $105.00 price objective on the stock. Northland Securities set a $98.00 target price on shares of PHINIA in a research note on Friday, July 31st. Finally, UBS Group reduced their target price on PHINIA from $81.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $76.33.

PHINIA Price Performance

Shares of PHIN opened at $75.07 on Friday. PHINIA has a twelve month low of $50.79 and a twelve month high of $86.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.34 and a current ratio of 1.81. The firm has a market cap of $2.75 billion, a PE ratio of 21.51 and a beta of 1.17. The firm's 50 day moving average price is $79.46 and its 200 day moving average price is $74.57.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). PHINIA had a net margin of 3.73% and a return on equity of 13.86%. The company had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. As a group, research analysts expect that PHINIA will post 6.18 EPS for the current fiscal year.

Insider Transactions at PHINIA

In other news, VP Samantha Pombier sold 2,227 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the transaction, the vice president directly owned 6,637 shares in the company, valued at approximately $546,623.32. This represents a 25.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Coetzee sold 1,250 shares of the company's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the transaction, the vice president owned 27,009 shares in the company, valued at $2,177,195.49. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC boosted its position in PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $27,000 after buying an additional 256 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company's stock valued at $49,000 after acquiring an additional 750 shares during the last quarter. State of Wyoming bought a new position in PHINIA in the second quarter valued at about $60,000. Hantz Financial Services Inc. increased its position in PHINIA by 76.7% in the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company's stock worth $61,000 after purchasing an additional 425 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in PHINIA by 49.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,132 shares of the company's stock worth $77,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 90.94% of the company's stock.

PHINIA Company Profile

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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