PHINIA (NYSE:PHIN) Stock Rating Upgraded by Northland Capmk

PHINIA (NYSE:PHIN) was upgraded by investment analysts at Northland Capmk to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

PHIN has been the subject of a number of other reports. UBS Group raised their target price on PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Northland Securities began coverage on PHINIA in a research note on Thursday. They issued an “outperform” rating and a $61.00 target price for the company.

PHINIA Stock Down 1.4 %

PHIN opened at $50.91 on Thursday. PHINIA has a 1-year low of $29.42 and a 1-year high of $57.23. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.85 and a beta of 1.35. The business has a 50 day moving average of $50.85 and a 200-day moving average of $48.11.

PHINIA (NYSE:PHIN) last issued its earnings results on Thursday, October 31st. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.79 by $0.38. The firm had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $829.82 million. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. PHINIA’s quarterly 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. As a group, sell-side analysts anticipate that PHINIA will post 3.44 earnings per share for the current year.

Hedge Funds Weigh In On PHINIA

Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of PHINIA by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 228,584 shares of the company’s stock valued at $11,011,000 after buying an additional 842 shares during the period. Empowered Funds LLC boosted its position in shares of PHINIA by 5.1% during the 4th quarter. Empowered Funds LLC now owns 239,821 shares of the company’s stock valued at $11,552,000 after purchasing an additional 11,625 shares in the last quarter. Vest Financial LLC boosted its position in shares of PHINIA by 79.2% during the 4th quarter. Vest Financial LLC now owns 52,757 shares of the company’s stock valued at $2,541,000 after purchasing an additional 23,310 shares in the last quarter. KBC Group NV boosted its position in shares of PHINIA by 45.8% during the 4th quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after purchasing an additional 685 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in PHINIA by 30,454.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 13,444 shares of the company’s stock worth $648,000 after acquiring an additional 13,400 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

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.