PHINIA Inc. (NYSE:PHIN – Get Free Report) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $68.80.
PHIN has been the topic of several research reports. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Northland Securities set a $93.00 price target on shares of PHINIA in a report on Friday, February 13th. UBS Group restated a “neutral” rating and issued a $76.00 price target on shares of PHINIA in a report on Friday, February 13th. Freedom Capital lowered shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Weiss Ratings upgraded shares of PHINIA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th.
Read Our Latest Stock Analysis on PHIN
PHINIA Trading Down 4.8%
PHINIA (NYSE:PHIN – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $838.67 million. During the same quarter last year, the firm posted $0.94 earnings per share. PHINIA’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, sell-side analysts predict that PHINIA will post 6.36 EPS for the current year.
Insider Buying and Selling
In other news, VP Christopher Gustanski sold 3,812 shares of PHINIA stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total transaction of $277,246.76. Following the sale, the vice president owned 14,871 shares in the company, valued at $1,081,567.83. This trade represents a 20.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Neil Fryer sold 624 shares of PHINIA stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.75, for a total transaction of $45,396.00. Following the sale, the vice president owned 18,180 shares in the company, valued at $1,322,595. This represents a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.20% of the company’s stock.
Institutional Trading of PHINIA
Hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 256 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in shares of PHINIA by 2,500.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after purchasing an additional 750 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of PHINIA by 34.4% during the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after purchasing an additional 222 shares during the period. MAI Capital Management raised its stake in shares of PHINIA by 845.4% during the third quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after purchasing an additional 820 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of PHINIA by 76.7% during the fourth quarter. Hantz Financial Services Inc. now owns 979 shares of the company’s stock valued at $61,000 after purchasing an additional 425 shares during the period. Hedge funds and other institutional investors 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.
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