PHINIA (NYSE:PHIN) Stock Rating Lowered by Wall Street Zen

PHINIA (NYSE:PHIN) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. Freedom Capital downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Northland Securities set a $93.00 price target on shares of PHINIA in a report on Friday, February 13th. UBS Group reaffirmed a “neutral” rating and set a $76.00 price target on shares of PHINIA in a research note on Friday, February 13th. Finally, Zacks Research cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.80.

PHINIA Price Performance

Shares of NYSE PHIN opened at $73.23 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36. PHINIA has a 1-year low of $38.44 and a 1-year high of $81.11. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 22.53 and a beta of 1.36. The business has a 50-day moving average of $70.49 and a 200-day moving average of $63.26.

PHINIA (NYSE:PHIN) last announced its earnings results on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.17). The company had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, equities analysts anticipate that PHINIA will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Neil Fryer sold 624 shares of PHINIA stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $72.75, for a total value of $45,396.00. Following the completion of the transaction, the vice president owned 18,180 shares in the company, valued at approximately $1,322,595. This trade represents a 3.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Gustanski sold 3,812 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $72.73, for a total value of $277,246.76. Following the sale, the vice president directly 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. The disclosure for this sale is available in the SEC filing. Company insiders own 2.00% of the company’s stock.

Institutional Trading of PHINIA

A number of institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC lifted its position in shares of PHINIA by 151.5% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after buying an additional 256 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in shares of PHINIA by 2,500.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after buying an additional 750 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of PHINIA by 34.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after buying an additional 222 shares during the last quarter. MAI Capital Management raised its stake in PHINIA by 845.4% during the third quarter. MAI Capital Management now owns 917 shares of the company’s stock worth $53,000 after acquiring an additional 820 shares during the period. Finally, State of Wyoming acquired a new stake in PHINIA during the second quarter worth about $60,000. 90.94% of the stock is owned by institutional investors and hedge funds.

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.