PHINIA (NYSE:PHIN) Shares Break Above Two Hundred Day Moving Average - What's Next?

Key Points

• PHINIA shares moved above their 200-day moving average, trading as high as $72.15 and last at $72.11, versus the average of $71.36.
• Quarterly EPS of $1.83 beat estimates of $1.68, while revenue of $912 million fell short of analysts’ $928.21 million forecast.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $90.67; ratings range from Strong Buy to Hold.

PHINIA Inc. (NYSE:PHIN - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $71.36 and traded as high as $72.15. PHINIA shares last traded at $72.1130, with a volume of 289,462 shares changing hands.

Wall Street Analysts Forecast Growth

PHIN has been the subject of a number of research analyst reports. Wall Street Zen raised PHINIA from a "hold" rating to a "buy" rating in a report on Saturday, November 7th. Northland Securities set a $98.00 price objective on shares of PHINIA in a report on Friday, July 31st. Weiss Ratings cut shares of PHINIA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, September 16th. UBS Group raised their price objective on shares of PHINIA from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. Finally, Zacks Research raised shares of PHINIA from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $90.67.

PHINIA Stock Up 1.5%

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.70 and a quick ratio of 1.28. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 14.54 and a beta of 1.16. The firm has a 50 day moving average price of $62.18 and a 200-day moving average price of $71.36.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $912.00 million for the quarter, compared to analysts' expectations of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. As a group, equities analysts predict that PHINIA Inc. will post 6.10 EPS for the current fiscal year.

Insider Activity at PHINIA

In related news, SVP Robert Boyle sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $62.12, for a total transaction of $465,900.00. Following the completion of the sale, the senior vice president directly owned 25,317 shares of the company's stock, valued at $1,572,692.04. The trade was a 22.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Matthew Logar sold 1,257 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $66.33, for a total transaction of $83,376.81. Following the sale, the senior vice president directly owned 15,576 shares of the company's stock, valued at approximately $1,033,156.08. This trade represents a 7.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,270 shares of company stock worth $3,698,592 over the last 90 days. Insiders own 2.20% of the company's stock.

Institutional Trading of PHINIA

Institutional investors have recently bought and sold shares of the business. Lodge Hill Capital LLC boosted its holdings in PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company's stock worth $162,966,000 after buying an additional 1,948,820 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PHINIA by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company's stock worth $159,901,000 after acquiring an additional 34,503 shares during the last quarter. Wellington Management Group LLP grew its holdings in PHINIA by 1.5% during the second quarter. Wellington Management Group LLP now owns 298,734 shares of the company's stock valued at $24,607,000 after purchasing an additional 4,274 shares during the period. Bessemer Group Inc. grew its holdings in PHINIA by 25.3% during the third quarter. Bessemer Group Inc. now owns 359,547 shares of the company's stock valued at $21,368,000 after purchasing an additional 72,610 shares during the period. Finally, Amundi grew its holdings in PHINIA by 4,268.6% during the first quarter. Amundi now owns 200,693 shares of the company's stock valued at $13,735,000 after purchasing an additional 196,099 shares during the period. Institutional investors and hedge funds own 90.94% of the company's stock.

About PHINIA

PHINIA Inc. develops and manufactures fuel systems and aftermarket products for the global automotive and commercial vehicle industries. Its products include fuel injection and fuel delivery systems, ignition components, and related technologies for vehicles with internal combustion engines. The company also supplies replacement parts and services to the automotive aftermarket, including products under the Delphi brand. Its customers include vehicle and engine manufacturers as well as distributors and repair businesses.

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