PHINIA (NYSE:PHIN) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of PHINIA (NYSE:PHIN) from a strong-buy rating to a buy rating in a report published on Saturday morning.

PHIN has been the subject of several other research reports. Freedom Capital downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. UBS Group reissued a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a research note on Friday, February 13th. Zacks Research downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. Finally, Northland Securities set a $93.00 price target on shares of PHINIA in a research report on Friday, February 13th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $68.80.

PHINIA Stock Performance

NYSE PHIN opened at $73.23 on Friday. The business has a 50 day moving average price of $70.49 and a 200 day moving average price of $63.22. The company has a market capitalization of $2.75 billion, a P/E ratio of 22.53 and a beta of 1.36. PHINIA has a 1-year low of $38.44 and a 1-year high of $81.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.17). The firm had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. PHINIA had a return on equity of 12.56% and a net margin of 3.73%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Sell-side analysts expect that PHINIA will post 4.21 EPS for the current fiscal year.

PHINIA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 6th. This is an increase from PHINIA’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. PHINIA’s dividend payout ratio is 36.92%.

Insider Transactions at PHINIA

In related news, VP Neil Fryer sold 624 shares of PHINIA stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total transaction of $45,396.00. Following the completion of the sale, the vice president owned 18,180 shares in the company, valued at approximately $1,322,595. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher Gustanski sold 3,812 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the completion of the transaction, the vice president directly owned 14,871 shares of the company’s stock, valued at $1,081,567.83. The trade was a 20.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On PHINIA

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC boosted its position in PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after acquiring an additional 256 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in PHINIA by 2,500.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after acquiring an additional 750 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in PHINIA by 34.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after acquiring an additional 222 shares during the last quarter. MAI Capital Management lifted its stake in shares of PHINIA by 845.4% during the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after purchasing an additional 820 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of PHINIA by 76.7% during the 4th quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock worth $61,000 after purchasing an additional 425 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.