PHINIA (NYSE:PHIN) Coverage Initiated by Analysts at Northland Securities

Northland Securities began coverage on shares of PHINIA (NYSE:PHIN - Free Report) in a research note published on Thursday, MarketBeat reports. The brokerage issued an outperform rating and a $61.00 price target on the stock.

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

PHINIA Stock Down 1.9 %

PHINIA stock traded down $0.98 during midday trading on Thursday, reaching $50.64. The stock had a trading volume of 129,600 shares, compared to its average volume of 361,171. PHINIA has a 1-year low of $29.42 and a 1-year high of $57.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 1.93. The firm's fifty day simple moving average is $50.93 and its 200-day simple moving average is $48.05. The stock has a market capitalization of $2.13 billion, a P/E ratio of 21.70 and a beta of 1.35.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.38. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $829.82 million. PHINIA had a net margin of 3.10% and a return on equity of 9.79%. The firm's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. As a group, analysts expect that PHINIA will post 3.44 EPS for the current fiscal year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, November 25th. PHINIA's dividend payout ratio is currently 42.92%.

Institutional Trading of PHINIA

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHINIA during the 2nd quarter worth about $49,000. GAMMA Investing LLC grew its holdings in PHINIA by 23.9% during the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company's stock worth $65,000 after purchasing an additional 271 shares during the period. KBC Group NV increased its position in 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 buying an additional 494 shares during the last quarter. International Assets Investment Management LLC raised its stake in PHINIA by 4,502.9% in the third quarter. International Assets Investment Management LLC now owns 3,222 shares of the company's stock valued at $148,000 after buying an additional 3,152 shares during the period. Finally, Creative Planning acquired a new stake in shares of PHINIA in the third quarter valued at approximately $203,000. 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.