Gamco Investors INC. ET AL Has $3.80 Million Stock Holdings in PHINIA Inc. $PHIN

Gamco Investors INC. ET AL trimmed its stake in shares of PHINIA Inc. (NYSE:PHIN) by 18.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 55,460 shares of the company’s stock after selling 12,340 shares during the quarter. Gamco Investors INC. ET AL owned about 0.15% of PHINIA worth $3,796,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PHIN. Sei Investments Co. raised its stake in PHINIA by 18.5% in the first quarter. Sei Investments Co. now owns 181,684 shares of the company’s stock valued at $12,436,000 after purchasing an additional 28,409 shares in the last quarter. Globeflex Capital L P bought a new stake in PHINIA during the first quarter worth about $1,175,000. Measured Wealth Private Client Group LLC grew its stake in PHINIA by 55,494.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 10,563 shares of the company’s stock worth $723,000 after buying an additional 10,544 shares in the last quarter. First Trust Advisors LP grew its stake in PHINIA by 90.4% during the first quarter. First Trust Advisors LP now owns 105,679 shares of the company’s stock worth $7,233,000 after buying an additional 50,189 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in PHINIA by 11.1% in the 1st quarter. Meeder Asset Management Inc. now owns 35,721 shares of the company’s stock valued at $2,445,000 after buying an additional 3,581 shares during the period. 90.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PHIN has been the subject of several analyst reports. UBS Group boosted their target price on shares of PHINIA from $76.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Weiss Ratings raised shares of PHINIA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Wall Street Zen raised shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, KeyCorp initiated coverage on PHINIA in a research note on Friday, June 12th. They set an “overweight” rating and a $105.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.67.

Insider Buying and Selling

In other PHINIA news, VP Michael Coetzee sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $80.61, for a total value of $100,762.50. Following the sale, the vice president owned 27,009 shares in the company, valued at $2,177,195.49. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Samantha Pombier sold 2,227 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $82.36, for a total transaction of $183,415.72. Following the transaction, the vice president owned 6,637 shares of the company’s stock, valued at $546,623.32. This trade represents a 25.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

PHINIA Stock Performance

PHINIA stock opened at $78.40 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.90 billion, a PE ratio of 21.90 and a beta of 1.13. PHINIA Inc. has a 12-month low of $48.94 and a 12-month high of $86.93. The business’s 50-day moving average price is $79.15 and its two-hundred day moving average price is $74.08.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.16. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The firm had revenue of $878.00 million during the quarter, compared to analysts’ expectations of $838.67 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, analysts expect that PHINIA Inc. will post 6.24 earnings per share for the current fiscal year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 9th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.20 annualized dividend and a yield of 1.5%. PHINIA’s dividend payout ratio is presently 33.52%.

PHINIA 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. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.