PHINIA Inc. (NYSE:PHIN – Get Free Report) has earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $86.50.
PHIN has been the topic of several analyst reports. Northland Securities set a $98.00 price target on shares of PHINIA in a report on Friday, July 31st. Weiss Ratings downgraded shares of PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, September 16th. KeyCorp assumed coverage on shares of PHINIA in a report on Friday, June 12th. They issued an “overweight” rating and a $105.00 target price for the company. UBS Group cut their price target on PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Wall Street Zen raised PHINIA from a “hold” rating to a “buy” rating in a report on Monday, September 14th.
Check Out Our Latest Stock Analysis on PHIN
PHINIA Stock Performance
PHINIA (NYSE:PHIN – Get Free Report) last announced 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). The company had revenue of $940.00 million for the quarter, compared to the consensus estimate of $918.83 million. PHINIA had a net margin of 3.73% and a return on equity of 13.86%. On average, analysts expect that PHINIA will post 6.18 EPS for the current year.
PHINIA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 4th. PHINIA’s dividend payout ratio (DPR) is 34.38%.
Insider Buying and Selling
In other PHINIA news, SVP Robert Boyle sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $62.12, for a total transaction of $465,900.00. Following the completion of the sale, the senior vice president directly owned 25,317 shares of the company’s stock, valued at $1,572,692.04. This trade represents a 22.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher Gustanski sold 2,097 shares of PHINIA stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $66.97, for a total transaction of $140,436.09. Following the sale, the vice president owned 11,301 shares in the company, valued at approximately $756,827.97. The trade was a 15.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 55,270 shares of company stock worth $3,698,592 in the last quarter. 2.20% of the stock is owned by insiders.
Hedge Funds Weigh In On PHINIA
Hedge funds and other institutional investors have recently modified their holdings of the stock. Voss Capital LP lifted its stake in PHINIA by 2.8% in the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock worth $108,295,000 after purchasing an additional 47,468 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of PHINIA by 634.1% in the fourth quarter. Intech Investment Management LLC now owns 119,432 shares of the company’s stock worth $7,487,000 after purchasing an additional 103,162 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of PHINIA in the fourth quarter worth about $8,639,000. Weiss Asset Management LP lifted its position 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 worth $4,948,000 after buying an additional 56,087 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in PHINIA by 18.5% during the first quarter. Sei Investments Co. now owns 181,684 shares of the company’s stock valued at $12,436,000 after buying an additional 28,409 shares during the last quarter. 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 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.
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