PHINIA (NYSE:PHIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PHINIA (NYSE:PHIN) from a hold rating to a buy rating in a research note published on Monday,Wall Street Zen reports.

A number of other research analysts have also recently weighed in on PHIN. Zacks Research cut PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Northland Securities set a $98.00 price objective on shares of PHINIA in a research report on Friday, July 31st. UBS Group lowered their price objective on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. KeyCorp initiated coverage on shares of PHINIA in a report on Friday, June 12th. They set an “overweight” rating and a $105.00 target price for the company. Finally, Weiss Ratings upgraded shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.50.

PHINIA Stock Down 0.7%

PHIN stock opened at $61.08 on Monday. The company has a market cap of $2.24 billion, a P/E ratio of 17.50 and a beta of 1.14. PHINIA has a 52 week low of $50.79 and a 52 week high of $86.93. The company’s 50-day moving average price is $73.35 and its 200 day moving average price is $73.92. The company has a current ratio of 1.81, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.04). The firm had revenue of $940.00 million during the quarter, compared to analysts’ expectations of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. On average, research analysts expect that PHINIA will post 6.18 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 4th. PHINIA’s dividend payout ratio is currently 34.38%.

Insider Buying and Selling at PHINIA

In other PHINIA news, SVP Matthew Logar sold 1,257 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were 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 $1,033,156.08. This trade represents a 7.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher Gustanski sold 2,097 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total transaction of $140,436.09. Following the sale, the vice president directly owned 11,301 shares in the company, valued at $756,827.97. This represents a 15.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 47,770 shares of company stock valued at $3,232,692. 2.20% of the stock is owned by company insiders.

Institutional Trading of PHINIA

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lodge Hill Capital LLC boosted its holdings in shares of 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 purchasing an additional 1,948,820 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in PHINIA by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock worth $159,901,000 after buying an additional 34,503 shares during the period. Voss Capital LP lifted its position in PHINIA by 2.8% during the fourth quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock worth $108,295,000 after buying an additional 47,468 shares during the period. Prevatt Capital Ltd boosted its stake in PHINIA by 18.8% in the 1st quarter. Prevatt Capital Ltd now owns 380,000 shares of the company’s stock worth $26,007,000 after buying an additional 60,000 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in PHINIA by 1.5% in the 2nd quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock worth $24,607,000 after buying an additional 4,274 shares during the last quarter. 90.94% of the stock is owned by hedge funds and other institutional investors.

PHINIA Company Profile

PHINIA Inc (NYSE: PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for commercial vehicles, passenger vehicles and industrial applications. The company’s products are designed to support internal-combustion, hybrid and other powertrain technologies.

Its product portfolio includes fuel injectors, fuel pumps, fuel modules, electronic control units, sensors, actuators, ignition components, starters and alternators. PHINIA also provides replacement parts, diagnostic equipment and related service solutions through its aftermarket business, which serves original-equipment and independent repair channels.

PHINIA was established as an independent public company in 2023 through the separation of BorgWarner’s fuel systems and aftermarket businesses.