PHINIA (NYSE:PHIN) Now Covered by Analysts at Northland Securities

Northland Securities started coverage on shares of PHINIA (NYSE:PHIN) in a research note issued to investors on Thursday morning, MarketBeat reports. The brokerage issued an outperform rating and a $61.00 price objective on the stock.

Separately, UBS Group increased their price target on shares of PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, January 16th.

PHINIA Stock Up 3.2 %

Shares of NYSE PHIN opened at $51.55 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.17 billion, a P/E ratio of 22.12 and a beta of 1.35. PHINIA has a 52 week low of $29.42 and a 52 week high of $57.23. The business has a 50-day simple moving average of $50.93 and a two-hundred day simple moving average of $48.05.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.38. The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $829.82 million. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. PHINIA’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.53 earnings per share. Research analysts anticipate that PHINIA will post 3.44 earnings per share for the current fiscal year.

PHINIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a $0.25 dividend. The ex-dividend date was Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. PHINIA’s payout ratio is 42.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in PHINIA during the 2nd quarter valued at $49,000. GAMMA Investing LLC raised its stake in shares of PHINIA by 23.9% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $65,000 after acquiring an additional 271 shares during the last quarter. KBC Group NV boosted its holdings in shares of PHINIA by 49.4% during the third quarter. KBC Group NV now owns 1,495 shares of the company’s stock worth $69,000 after purchasing an additional 494 shares during the period. International Assets Investment Management LLC increased its holdings in PHINIA by 4,502.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock valued at $148,000 after purchasing an additional 3,152 shares during the period. Finally, Creative Planning bought a new position in PHINIA during the 3rd quarter valued at approximately $203,000. 90.94% of the stock is owned by institutional investors.

PHINIA Company Profile

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.