Value Aligned Research Advisors LLC Buys Shares of 3,158,622 Forgent Power Solutions, Inc. $FPS

Value Aligned Research Advisors LLC purchased a new position in Forgent Power Solutions, Inc. (NYSE:FPS) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,158,622 shares of the company’s stock, valued at approximately $176,441,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its position in shares of Forgent Power Solutions by 813.0% during the second quarter. Bank of New York Mellon Corp now owns 326,317 shares of the company’s stock valued at $18,228,000 after buying an additional 290,577 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Forgent Power Solutions during the 2nd quarter valued at about $2,034,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Forgent Power Solutions during the 2nd quarter valued at about $23,123,000. Hollencrest Capital Management purchased a new stake in shares of Forgent Power Solutions during the 2nd quarter valued at about $56,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Forgent Power Solutions in the second quarter worth approximately $30,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on FPS shares. Zacks Research raised shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. TD Cowen raised their price target on Forgent Power Solutions from $63.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. TD Securities reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Forgent Power Solutions in a report on Friday, May 15th. The Goldman Sachs Group upped their price objective on Forgent Power Solutions from $49.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Oppenheimer increased their target price on Forgent Power Solutions from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Forgent Power Solutions has an average rating of “Moderate Buy” and a consensus target price of $56.75.

Forgent Power Solutions Stock Up 2.5%

Shares of FPS stock opened at $31.36 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. Forgent Power Solutions, Inc. has a 12 month low of $25.95 and a 12 month high of $66.00. The stock has a market cap of $9.55 billion and a P/E ratio of 209.07. The company has a 50 day simple moving average of $38.25 and a two-hundred day simple moving average of $40.29.

About Forgent Power Solutions

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.