PHINIA Inc. (NYSE:PHIN – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $52.60.
Several equities research analysts have commented on the stock. Northland Capmk upgraded shares of PHINIA to a “strong-buy” rating in a research report on Thursday, January 30th. UBS Group reissued a “neutral” rating and issued a $45.00 target price (down previously from $56.00) on shares of PHINIA in a research note on Thursday, April 10th. Northland Securities started coverage on PHINIA in a research note on Thursday, January 30th. They set an “outperform” rating and a $61.00 price target on the stock. Bank of America started coverage on shares of PHINIA in a research report on Thursday, April 10th. They issued a “buy” rating and a $53.00 target price on the stock. Finally, CL King assumed coverage on PHINIA in a research report on Monday, March 24th. They set a “buy” rating and a $54.00 price target for the company.
Read Our Latest Research Report on PHIN
Institutional Investors Weigh In On PHINIA
Institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of PHINIA by 7.2% in the 3rd quarter. FMR LLC now owns 86,817 shares of the company’s stock valued at $3,996,000 after buying an additional 5,828 shares during the period. Verition Fund Management LLC acquired a new position in shares of PHINIA during the 3rd quarter valued at $301,000. Quantinno Capital Management LP raised its position in PHINIA by 2.4% in the third quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock worth $674,000 after acquiring an additional 345 shares in the last quarter. Wellington Management Group LLP lifted its stake in PHINIA by 1.2% during the third quarter. Wellington Management Group LLP now owns 333,395 shares of the company’s stock valued at $15,346,000 after purchasing an additional 3,804 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of PHINIA by 297.0% during the 3rd quarter. Jane Street Group LLC now owns 24,516 shares of the company’s stock worth $1,128,000 after acquiring an additional 18,341 shares in the last quarter. 90.94% of the stock is currently owned by institutional investors.
PHINIA Stock Up 0.5 %
Shares of NYSE PHIN opened at $38.65 on Thursday. The stock has a market cap of $1.54 billion, a PE ratio of 22.09 and a beta of 1.56. PHINIA has a 52-week low of $36.10 and a 52-week high of $57.23. The business has a 50-day moving average price of $45.12 and a 200 day moving average price of $47.97. The company has a quick ratio of 1.44, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
PHINIA (NYSE:PHIN – Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The company had revenue of $833.00 million for the quarter, compared to analyst estimates of $811.94 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. Equities research analysts forecast that PHINIA will post 4.21 earnings per share for the current year.
PHINIA Increases Dividend
The business also recently declared 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 2.79%. PHINIA’s dividend payout ratio (DPR) 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.
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