Gamco Investors INC. ET AL Has $3.17 Million Holdings in PHINIA Inc. (NYSE:PHIN)

Gamco Investors INC. ET AL decreased its stake in PHINIA Inc. (NYSE:PHIN) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 65,720 shares of the company’s stock after selling 3,480 shares during the period. Gamco Investors INC. ET AL’s holdings in PHINIA were worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in PHINIA by 149.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock valued at $33,000 after purchasing an additional 418 shares during the period. KBC Group NV raised its position in shares of PHINIA by 45.8% during the fourth quarter. KBC Group NV now owns 2,180 shares of the company’s stock valued at $105,000 after buying an additional 685 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of PHINIA in the fourth quarter valued at about $173,000. State of Michigan Retirement System acquired a new stake in PHINIA during the fourth quarter worth about $203,000. Finally, Optimize Financial Inc bought a new position in PHINIA during the fourth quarter valued at about $206,000. Institutional investors own 90.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PHIN shares. UBS Group reiterated a “neutral” rating and issued a $45.00 price objective (down previously from $56.00) on shares of PHINIA in a research report on Thursday, April 10th. Northland Securities assumed coverage on shares of PHINIA in a research note on Thursday, January 30th. They set an “outperform” rating and a $61.00 price target on the stock. Bank of America assumed coverage on shares of PHINIA in a research note on Thursday, April 10th. They issued a “buy” rating and a $53.00 price objective for the company. CL King began coverage on shares of PHINIA in a research report on Monday, March 24th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Northland Capmk raised shares of PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.60.

PHINIA Stock Up 0.9 %

Shares of NYSE PHIN opened at $41.24 on Friday. PHINIA Inc. has a 52-week low of $36.25 and a 52-week high of $57.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.44 and a current ratio of 1.90. The business has a fifty day moving average of $44.57 and a two-hundred day moving average of $47.83. The stock has a market cap of $1.64 billion, a PE ratio of 23.56 and a beta of 1.56.

PHINIA (NYSE:PHIN) last announced its quarterly 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). The firm had revenue of $833.00 million for the quarter, compared to the consensus estimate of $811.94 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. As a group, equities research analysts expect that PHINIA Inc. will post 4.21 earnings per share for the current fiscal 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 issued a $0.27 dividend. This is an increase from PHINIA’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, February 28th. PHINIA’s payout ratio is presently 61.71%.

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.