Gamco Investors INC. ET AL Sells 12,340 Shares of PHINIA Inc. $PHIN

Gamco Investors INC. ET AL lowered its position in PHINIA Inc. (NYSE:PHIN) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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’s holdings in PHINIA were worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in PHINIA by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock worth $282,740,000 after buying an additional 44,599 shares during the period. Dimensional Fund Advisors LP increased its stake in PHINIA by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,336,499 shares of the company’s stock valued at $159,901,000 after purchasing an additional 34,503 shares in the last quarter. Voss Capital LP raised its stake in PHINIA by 2.8% during the 4th quarter. Voss Capital LP now owns 1,727,468 shares of the company’s stock worth $108,295,000 after buying an additional 47,468 shares during the period. Goldman Sachs Group Inc. boosted its holdings in PHINIA by 6.4% in the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after acquiring an additional 58,875 shares in the last quarter. Finally, Freestone Grove Partners LP boosted its holdings in PHINIA by 1,206.1% in the fourth quarter. Freestone Grove Partners LP now owns 557,097 shares of the company’s stock worth $34,924,000 after acquiring an additional 514,442 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.

PHINIA Price Performance

PHIN stock opened at $78.40 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.32 and a current ratio of 1.82. The business has a 50-day simple moving average of $79.15 and a two-hundred day simple moving average of $74.08. The company has a market capitalization of $2.90 billion, a P/E ratio of 21.90 and a beta of 1.13. PHINIA Inc. has a 52-week low of $48.94 and a 52-week high of $86.93.

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

PHINIA Announces Dividend

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

Insider Buying and Selling at PHINIA

In other PHINIA news, VP Samantha Pombier sold 2,227 shares of PHINIA stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $82.36, for a total transaction of $183,415.72. Following the transaction, the vice president directly owned 6,637 shares of the company’s stock, valued at $546,623.32. The trade was a 25.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Coetzee sold 1,250 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $80.61, for a total transaction of $100,762.50. Following the completion of the sale, the vice president owned 27,009 shares of the company’s stock, valued at approximately $2,177,195.49. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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. 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.