PHINIA (NYSE:PHIN) Shares Break Above Two Hundred Day Moving Average – What’s Next?

PHINIA Inc. (NYSE:PHIN – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $71.36 and traded as high as $72.15. PHINIA shares last traded at $72.1130, with a volume of 289,462 shares.

Analyst Ratings Changes

Several brokerages have issued reports on PHIN. Northland Securities set a $98.00 price target on PHINIA in a report on Friday, July 31st. Weiss Ratings cut PHINIA from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 16th. UBS Group lifted their price objective on PHINIA from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Wall Street Zen upgraded shares of PHINIA from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, Zacks Research upgraded shares of PHINIA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, PHINIA has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Read Our Latest Stock Report on PHIN

PHINIA Trading Up 1.5%

The company has a market capitalization of $2.59 billion, a P/E ratio of 14.54 and a beta of 1.16. The business has a fifty day moving average price of $62.18 and a 200 day moving average price of $71.36. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 0.64.

PHINIA (NYSE:PHIN – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The business had revenue of $912.00 million for the quarter, compared to analyst estimates of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. On average, analysts expect that PHINIA Inc. will post 6.10 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PHINIA news, VP Todd L. Anderson sold 3,056 shares of PHINIA stock in a transaction on Friday, September 11th. The shares were sold at an average price of $66.41, for a total value of $202,948.96. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Logar sold 1,257 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $66.33, for a total transaction of $83,376.81. Following the sale, the senior vice president directly owned 15,576 shares in the company, valued at $1,033,156.08. This trade represents a 7.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,270 shares of company stock valued at $3,698,592 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PHINIA

A number of large investors have recently modified their holdings of the business. Lodge Hill Capital LLC raised its holdings in PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock worth $162,966,000 after acquiring an additional 1,948,820 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in PHINIA by 1.5% during 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 during the last quarter. Wellington Management Group LLP boosted its position in PHINIA by 1.5% during the second quarter. Wellington Management Group LLP now owns 298,734 shares of the company’s stock valued at $24,607,000 after purchasing an additional 4,274 shares during the last quarter. Bessemer Group Inc. boosted its position in PHINIA by 25.3% during the third quarter. Bessemer Group Inc. now owns 359,547 shares of the company’s stock valued at $21,368,000 after purchasing an additional 72,610 shares during the last quarter. Finally, Amundi grew its stake in 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 purchasing an additional 196,099 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors and hedge funds.

About PHINIA

(Get Free Report)

PHINIA Inc. develops and manufactures fuel systems and aftermarket products for the global automotive and commercial vehicle industries. Its products include fuel injection and fuel delivery systems, ignition components, and related technologies for vehicles with internal combustion engines. The company also supplies replacement parts and services to the automotive aftermarket, including products under the Delphi brand. Its customers include vehicle and engine manufacturers as well as distributors and repair businesses.

Further Reading

Receive News & Ratings for PHINIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHINIA and related companies with MarketBeat.com's FREE daily email newsletter.