Stephens Inc. AR Invests $1.24 Million in Power Solutions International, Inc. $PSIX

Stephens Inc. AR purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 12,635 shares of the company’s stock, valued at approximately $1,241,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Busey Bank bought a new position in Power Solutions International during the 3rd quarter worth $21,608,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Power Solutions International during the third quarter valued at $19,001,000. Geode Capital Management LLC grew its position in shares of Power Solutions International by 102.2% during the second quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock worth $9,987,000 after acquiring an additional 78,034 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Power Solutions International in the 2nd quarter worth about $4,735,000. Finally, Raymond James Financial Inc. lifted its position in Power Solutions International by 174.6% in the 2nd quarter. Raymond James Financial Inc. now owns 67,914 shares of the company’s stock valued at $4,393,000 after purchasing an additional 43,185 shares during the last quarter. Institutional investors and hedge funds own 22.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on PSIX shares. Wall Street Zen cut shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Jefferies Financial Group initiated coverage on Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Trading Up 0.7%

Shares of NASDAQ:PSIX opened at $76.00 on Friday. The company has a 50 day moving average of $61.94 and a 200-day moving average of $78.83. The company has a current ratio of 2.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.75 billion, a P/E ratio of 14.45 and a beta of 2.02. Power Solutions International, Inc. has a twelve month low of $18.10 and a twelve month high of $121.78.

Power Solutions International (NASDAQ:PSIX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.20 EPS for the quarter. The business had revenue of $203.83 million for the quarter. Power Solutions International had a net margin of 17.94% and a return on equity of 109.04%.

Power Solutions International Company Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.