UBS Group Issues Positive Forecast for PHINIA (NYSE:PHIN) Stock Price

PHINIA (NYSE:PHIN) had its price objective boosted by UBS Group from $55.00 to $57.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Morgan Stanley cut PHINIA from an “overweight” rating to an “equal weight” rating and set a $50.00 price objective for the company. in a research note on Wednesday, September 25th.

PHINIA Price Performance

PHIN opened at $51.24 on Thursday. PHINIA has a 12-month low of $27.86 and a 12-month high of $57.23. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $51.30 and its 200-day simple moving average is $47.33. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.99 and a beta of 1.35.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.38. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. The business had revenue of $839.00 million for the quarter, compared to the consensus estimate of $829.82 million. During the same quarter in the prior year, the company earned $0.53 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that PHINIA will post 3.44 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Monday, November 25th. PHINIA’s dividend payout ratio (DPR) is presently 42.92%.

Institutional Investors Weigh In On PHINIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHIN. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHINIA in the second quarter valued at about $49,000. GAMMA Investing LLC raised its stake in PHINIA by 23.9% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $65,000 after buying an additional 271 shares during the last quarter. KBC Group NV raised its stake in PHINIA by 49.4% in the third quarter. KBC Group NV now owns 1,495 shares of the company’s stock valued at $69,000 after buying an additional 494 shares during the last quarter. International Assets Investment Management LLC raised its stake in PHINIA by 4,502.9% in the third quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock valued at $148,000 after buying an additional 3,152 shares during the last quarter. Finally, Creative Planning purchased a new stake in PHINIA in the third quarter valued at about $203,000. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

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.