Situational Awareness LP Makes New $24.70 Million Investment in Power Solutions International, Inc. $PSIX

Situational Awareness LP purchased a new position in Power Solutions International, Inc. (NASDAQ:PSIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 432,300 shares of the company’s stock, valued at approximately $24,702,000. Power Solutions International makes up approximately 0.4% of Situational Awareness LP’s holdings, making the stock its 18th largest holding. Situational Awareness LP owned approximately 1.88% of Power Solutions International at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System purchased a new position in Power Solutions International in the 2nd quarter worth approximately $26,000. Federated Hermes Inc. purchased a new position in Power Solutions International in the 3rd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after buying an additional 294 shares in the last quarter. State of Wyoming purchased a new position in Power Solutions International in the 4th quarter worth approximately $49,000. Finally, Indiana Trust & Investment Management Co purchased a new position in Power Solutions International in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Power Solutions International Price Performance

Shares of Power Solutions International stock opened at $37.61 on Friday. Power Solutions International, Inc. has a 52-week low of $35.77 and a 52-week high of $121.78. The stock has a market capitalization of $866.91 million, a price-to-earnings ratio of 8.47 and a beta of 2.00. The company has a fifty day moving average of $59.74 and a 200-day moving average of $65.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PSIX shares. Loop Capital set a $107.00 price target on shares of Power Solutions International in a research note on Wednesday, March 4th. Weiss Ratings cut shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Jefferies Financial Group cut their price objective on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Freedom Capital cut shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $99.95.

About Power Solutions International

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.