PHINIA Inc. (NYSE:PHIN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PHINIA Inc. (NYSE:PHIN) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $68.80.

Several research firms have recently weighed in on PHIN. Weiss Ratings lowered shares of PHINIA from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Freedom Capital cut PHINIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Zacks Research raised PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Northland Securities set a $93.00 price objective on PHINIA in a research note on Friday, February 13th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a research report on Friday, February 13th.

PHINIA Trading Down 0.9%

NYSE PHIN opened at $73.89 on Friday. The company has a market cap of $2.74 billion, a PE ratio of 20.64 and a beta of 1.16. The company has a current ratio of 1.82, a quick ratio of 1.32 and a debt-to-equity ratio of 0.62. PHINIA has a 12 month low of $41.28 and a 12 month high of $81.11. The stock has a 50 day moving average of $71.13 and a 200-day moving average of $66.60.

PHINIA (NYSE:PHIN) last released its earnings results on Thursday, April 30th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.16. The business had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The firm’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. On average, equities research analysts anticipate that PHINIA will post 6.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other PHINIA news, VP Neil Fryer sold 624 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,322,595. This trade represents a 3.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher Gustanski sold 3,812 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president owned 14,871 shares in the company, valued at approximately $1,081,567.83. This represents a 20.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PHIN. Royal Bank of Canada lifted its holdings in PHINIA by 464.8% during the 1st quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock worth $3,214,000 after purchasing an additional 62,333 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of PHINIA by 62.3% in the first quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock valued at $938,000 after acquiring an additional 8,576 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of PHINIA by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock valued at $1,056,000 after acquiring an additional 1,093 shares in the last quarter. Goldman Sachs Group Inc. increased its position in PHINIA by 6.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after acquiring an additional 58,875 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PHINIA by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock worth $4,000,000 after purchasing an additional 6,478 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

About PHINIA

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.