PHINIA Inc. (NYSE:PHIN) Given Consensus Recommendation of “Moderate Buy” by Analysts

PHINIA Inc. (NYSE:PHIN) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $52.60.

Several equities research analysts have commented on PHIN shares. Northland Capmk upgraded PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. UBS Group restated a “neutral” rating and issued a $45.00 price target (down previously from $56.00) on shares of PHINIA in a report on Thursday. Bank of America initiated coverage on shares of PHINIA in a research note on Thursday. They set a “buy” rating and a $53.00 price objective for the company. Northland Securities assumed coverage on shares of PHINIA in a research note on Thursday, January 30th. They issued an “outperform” rating and a $61.00 target price on the stock. Finally, CL King started coverage on shares of PHINIA in a research report on Monday, March 24th. They set a “buy” rating and a $54.00 price target for the company.

Institutional Investors Weigh In On PHINIA

A number of large investors have recently added to or reduced their stakes in PHIN. Millennium Management LLC grew its stake in shares of PHINIA by 28.3% during the fourth quarter. Millennium Management LLC now owns 2,424,949 shares of the company’s stock valued at $116,810,000 after acquiring an additional 535,222 shares in the last quarter. First Trust Advisors LP increased its holdings in PHINIA by 32.6% during the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company’s stock worth $89,928,000 after purchasing an additional 458,650 shares during the last quarter. Voss Capital LP boosted its stake in shares of PHINIA by 31.8% during the 4th quarter. Voss Capital LP now owns 1,417,081 shares of the company’s stock valued at $68,261,000 after buying an additional 342,081 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of PHINIA by 14.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company’s stock worth $98,653,000 after buying an additional 253,345 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of PHINIA in the fourth quarter worth $6,874,000. 90.94% of the stock is owned by institutional investors and hedge funds.

PHINIA Trading Down 5.9 %

PHIN traded down $2.42 during midday trading on Thursday, hitting $38.47. The company’s stock had a trading volume of 73,970 shares, compared to its average volume of 609,143. PHINIA has a 52-week low of $36.10 and a 52-week high of $57.23. The firm has a 50-day moving average price of $45.83 and a two-hundred day moving average price of $48.17. The firm has a market cap of $1.57 billion, a P/E ratio of 21.98 and a beta of 1.56. The company has a current ratio of 1.90, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $833.00 million for the quarter, compared to analysts’ expectations of $811.94 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. On average, research analysts anticipate that PHINIA will post 4.21 earnings per share for the current year.

PHINIA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.27 per share. This is a boost from PHINIA’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Friday, February 28th. PHINIA’s payout ratio is presently 61.71%.

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.