PHINIA (NYSE:PHIN) Now Covered by Analysts at CL King

CL King started coverage on shares of PHINIA (NYSE:PHIN) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $54.00 price objective on the stock.

Several other research analysts also recently commented on PHIN. UBS Group lifted their target price on PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Northland Securities initiated coverage on shares of PHINIA in a research note on Thursday, January 30th. They set an “outperform” rating and a $61.00 target price for the company. Finally, Northland Capmk raised shares of PHINIA to a “strong-buy” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PHINIA presently has an average rating of “Buy” and an average target price of $55.50.

PHINIA Stock Performance

Shares of PHIN stock opened at $45.16 on Monday. The company has a fifty day moving average price of $48.44 and a two-hundred day moving average price of $48.73. PHINIA has a one year low of $36.10 and a one year high of $57.23. The stock has a market cap of $1.84 billion, a P/E ratio of 25.81 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44.

PHINIA (NYSE:PHIN) last issued its earnings results 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). PHINIA had a net margin of 2.32% and a return on equity of 10.12%. The firm had revenue of $833.00 million during the quarter, compared to analyst estimates of $811.94 million. As a group, equities analysts predict that PHINIA will post 4.21 EPS for the current year.

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from PHINIA’s previous quarterly dividend of $0.25. PHINIA’s payout ratio is presently 61.71%.

Hedge Funds Weigh In On PHINIA

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in PHINIA by 28.3% in the 4th quarter. Millennium Management LLC now owns 2,424,949 shares of the company’s stock valued at $116,810,000 after purchasing an additional 535,222 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of PHINIA by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company’s stock valued at $98,653,000 after buying an additional 253,345 shares during the period. First Trust Advisors LP boosted its stake in shares of PHINIA by 32.6% in the fourth quarter. First Trust Advisors LP now owns 1,866,894 shares of the company’s stock valued at $89,928,000 after buying an additional 458,650 shares during the period. Voss Capital LP lifted its position 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 acquiring an additional 342,081 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of PHINIA by 8.5% during the 4th quarter. American Century Companies Inc. now owns 1,414,155 shares of the company’s stock worth $68,120,000 after purchasing an additional 110,931 shares in the last quarter. 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.