PHINIA (NYSE:PHIN) Stock Gets Price Target Increase from UBS Group

PHINIA (NYSE:PHIN) had its price objective lifted by equities research analysts at UBS Group from $68.00 to $69.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s price objective points to a potential upside of 9.91% from the company’s current price.

PHIN has been the subject of a number of other research reports. Zacks Research raised PHINIA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded PHINIA from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Northland Securities set a $98.00 price target on PHINIA in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, PHINIA currently has an average rating of “Moderate Buy” and a consensus target price of $83.75.

PHINIA Price Performance

Shares of PHIN opened at $62.78 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.70. The firm has a market cap of $2.30 billion, a PE ratio of 12.66 and a beta of 1.19. The firm’s 50 day moving average price is $62.07 and its 200 day moving average price is $71.32. PHINIA has a twelve month low of $51.28 and a twelve month high of $86.93.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $912.00 million for the quarter, compared to analyst estimates of $928.21 million. PHINIA had a net margin of 5.22% and a return on equity of 14.32%. As a group, research analysts expect that PHINIA will post 6.25 EPS for the current fiscal year.

Insider Activity

In other news, SVP Robert Boyle sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total transaction of $465,900.00. Following the completion of the transaction, the senior vice president directly owned 25,317 shares in the company, valued at $1,572,692.04. The trade was a 22.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Logar sold 1,257 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $66.33, for a total value of $83,376.81. Following the completion of the sale, the senior vice president directly owned 15,576 shares of the company’s stock, valued at $1,033,156.08. This represents a 7.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 55,270 shares of company stock worth $3,698,592 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On PHINIA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Lodge Hill Capital LLC increased its holdings in shares of PHINIA by 450.8% during the 1st 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 period. Amundi lifted its stake in shares of PHINIA by 4,268.6% in the first quarter. Amundi now owns 200,693 shares of the company’s stock valued at $13,735,000 after buying an additional 196,099 shares during the period. Weiss Asset Management LP lifted its stake in shares of PHINIA by 345.9% in the first quarter. Weiss Asset Management LP now owns 72,300 shares of the company’s stock valued at $4,948,000 after buying an additional 56,087 shares during the period. First Trust Advisors LP lifted its position in shares of PHINIA by 90.4% in the 1st quarter. First Trust Advisors LP now owns 105,679 shares of the company’s stock worth $7,233,000 after acquiring an additional 50,189 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of PHINIA by 1.5% in 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 period. Institutional investors own 90.94% of the company’s stock.

About PHINIA

PHINIA Inc (NYSE:PHIN) is a global supplier of fuel systems, electrical systems and aftermarket products for automotive, commercial vehicle and industrial applications. The company develops technologies that support the performance, efficiency and emissions management of internal-combustion engines and other propulsion systems.

Its products include fuel injectors, fuel pumps and modules, fuel-system controls, ignition components, sensors, actuators and electronic control systems. PHINIA also supplies diesel fuel systems and related technologies for commercial vehicles and off-highway equipment, as well as replacement parts, service products and solutions through its aftermarket business.

PHINIA was established as an independent public company in 2023 after being spun off from BorgWarner.