PHINIA (NYSE:PHIN) Raised to Buy at Wall Street Zen

PHINIA (NYSE:PHIN) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Monday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Northland Securities set a $98.00 target price on PHINIA in a report on Friday, July 31st. KeyCorp started coverage on PHINIA in a report on Friday, June 12th. They issued an “overweight” rating and a $105.00 price target on the stock. UBS Group reduced their price objective on PHINIA from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Weiss Ratings upgraded PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 1st. Finally, Zacks Research lowered PHINIA from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

PHINIA Stock Performance

PHINIA stock opened at $61.36 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.81 and a quick ratio of 1.34. PHINIA has a 12 month low of $50.79 and a 12 month high of $86.93. The company has a fifty day moving average price of $73.66 and a two-hundred day moving average price of $74.01. The company has a market cap of $2.25 billion, a PE ratio of 17.58 and a beta of 1.14.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $918.83 million. Research analysts expect that PHINIA will post 6.18 earnings per share for the current year.

Insider Activity at PHINIA

In related news, VP Christopher Gustanski sold 2,097 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total value of $140,436.09. Following the sale, the vice president directly owned 11,301 shares in the company, valued at $756,827.97. This trade represents a 15.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Chris P. Gropp sold 13,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $66.71, for a total value of $900,585.00. Following the completion of the sale, the chief financial officer owned 43,823 shares in the company, valued at approximately $2,923,432.33. This represents a 23.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 47,770 shares of company stock valued at $3,232,692. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PHIN. Lodge Hill Capital LLC increased its stake in shares of PHINIA by 450.8% during the first quarter. Lodge Hill Capital LLC now owns 2,381,150 shares of the company’s stock valued at $162,966,000 after acquiring an additional 1,948,820 shares during the period. Dimensional Fund Advisors LP lifted its position in PHINIA by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock worth $159,901,000 after purchasing an additional 34,503 shares during the period. Voss Capital LP lifted its position in PHINIA by 2.8% in the fourth 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 during the period. Prevatt Capital Ltd boosted its stake in PHINIA by 18.8% during the 1st quarter. Prevatt Capital Ltd now owns 380,000 shares of the company’s stock valued at $26,007,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in PHINIA by 1.5% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

PHINIA Company Profile

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.