PHINIA Inc. (NYSE:PHIN) Receives $51.17 Average PT from Brokerages

PHINIA Inc. (NYSE:PHIN) has received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $51.17.

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of PHINIA from $50.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. UBS Group reiterated a “neutral” rating and set a $45.00 price target (down from $56.00) on shares of PHINIA in a report on Thursday, April 10th. Bank of America upped their price target on shares of PHINIA from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, May 15th. BNP Paribas lowered shares of PHINIA from an “outperform” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Wednesday, April 23rd. Finally, CL King assumed coverage on shares of PHINIA in a report on Monday, March 24th. They set a “buy” rating and a $54.00 price target for the company.

PHINIA Price Performance

Shares of PHINIA stock opened at $43.02 on Friday. PHINIA has a 52-week low of $36.25 and a 52-week high of $57.23. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 24.58 and a beta of 1.59. The company has a fifty day moving average of $41.75 and a 200-day moving average of $46.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.44 and a current ratio of 1.90.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.10). PHINIA had a net margin of 2.32% and a return on equity of 10.12%. The business had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $813.24 million. During the same period last year, the company posted $1.08 EPS. PHINIA’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities research analysts expect that PHINIA will post 4.21 EPS for the current year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.08 annualized dividend and a yield of 2.51%. PHINIA’s dividend payout ratio (DPR) is presently 61.36%.

Insiders Place Their Bets

In related news, Director Meggan M. Walsh acquired 1,400 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $42.71 per share, for a total transaction of $59,794.00. Following the acquisition, the director now owns 7,492 shares of the company’s stock, valued at $319,983.32. This trade represents a 22.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brady D. Ericson acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, April 30th. The stock was bought at an average price of $39.73 per share, with a total value of $397,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 436,486 shares in the company, valued at approximately $17,341,588.78. This represents a 2.34% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Strs Ohio bought a new position in shares of PHINIA in the 1st quarter worth about $759,000. Jane Street Group LLC increased its stake in shares of PHINIA by 94.1% in the 1st quarter. Jane Street Group LLC now owns 250,278 shares of the company’s stock worth $10,619,000 after acquiring an additional 121,312 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of PHINIA by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock worth $4,000,000 after acquiring an additional 6,478 shares in the last quarter. Woodline Partners LP bought a new position in shares of PHINIA in the 1st quarter worth about $4,789,000. Finally, Empowered Funds LLC increased its stake in shares of PHINIA by 2.0% in the 1st quarter. Empowered Funds LLC now owns 244,732 shares of the company’s stock worth $10,384,000 after acquiring an additional 4,911 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.

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.