PHINIA Inc. (NYSE:PHIN) Receives $86.50 Consensus Price Target from Analysts

PHINIA Inc. (NYSE:PHIN) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $86.50.

A number of equities research analysts have weighed in on the stock. KeyCorp initiated coverage on shares of PHINIA in a research report on Friday, June 12th. They set an “overweight” rating and a $105.00 price target for the company. Weiss Ratings lowered shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. UBS Group lowered their price objective on shares of PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Zacks Research downgraded shares of PHINIA from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Northland Securities set a $98.00 target price on PHINIA in a research report on Friday, July 31st.

Insiders Place Their Bets

In related news, SVP Robert Boyle sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total value of $465,900.00. Following the sale, the senior vice president owned 25,317 shares in the company, valued at approximately $1,572,692.04. The trade was a 22.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Todd Anderson sold 3,056 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $66.41, for a total value of $202,948.96. Following the transaction, the vice president directly owned 26,736 shares in the company, valued at approximately $1,775,537.76. The trade was a 10.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 55,270 shares of company stock valued at $3,698,592. Insiders own 2.20% of the company’s stock.

Institutional Trading of PHINIA

Hedge funds have recently made changes to their positions in the business. Lodge Hill Capital LLC boosted its stake in shares of PHINIA by 450.8% in the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after purchasing an additional 1,948,820 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of PHINIA by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after purchasing an additional 34,503 shares in the last quarter. Voss Capital LP increased its stake in PHINIA by 2.8% during the 4th 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 lifted its holdings in PHINIA by 18.8% during 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 in the last quarter. Finally, Wellington Management Group LLP boosted its position in PHINIA by 1.5% in the 2nd quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock valued at $24,607,000 after buying an additional 4,274 shares during the period. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Price Performance

NYSE:PHIN opened at $61.36 on Thursday. PHINIA has a 52 week low of $50.79 and a 52 week high of $86.93. The stock’s fifty day moving average is $72.67 and its two-hundred day moving average is $73.75. The company has a market capitalization of $2.25 billion, a P/E ratio of 17.58 and a beta of 1.14. The company has a quick ratio of 1.34, a current ratio of 1.81 and a debt-to-equity ratio of 0.63.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). PHINIA had a return on equity of 13.86% and a net margin of 3.73%.The business had revenue of $940.00 million for the quarter, compared to analyst estimates of $918.83 million. Equities analysts expect that PHINIA will post 6.18 EPS for the current year.

PHINIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.0%. PHINIA’s payout ratio is presently 34.38%.

About PHINIA

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.