Navellier & Associates Inc. Buys 20,557 Shares of Power Solutions International, Inc. $PSIX

Navellier & Associates Inc. boosted its position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 47.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,160 shares of the company’s stock after acquiring an additional 20,557 shares during the period. Navellier & Associates Inc. owned approximately 0.28% of Power Solutions International worth $6,302,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PSIX. Federated Hermes Inc. acquired a new stake in shares of Power Solutions International during the 3rd quarter worth approximately $26,000. California State Teachers Retirement System acquired a new stake in Power Solutions International during the second quarter worth $26,000. Ameritas Investment Partners Inc. bought a new stake in Power Solutions International in the 2nd quarter valued at $43,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Power Solutions International in the 2nd quarter valued at $52,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Power Solutions International in the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analysts Forecast Growth

PSIX has been the topic of several recent research reports. Jefferies Financial Group began coverage on shares of Power Solutions International in a research report on Monday, December 1st. They set a “buy” rating and a $110.51 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a report on Monday, December 29th. Finally, Wall Street Zen lowered Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Trading Up 6.7%

Shares of PSIX stock opened at $86.43 on Tuesday. The company has a market capitalization of $1.99 billion, a P/E ratio of 16.43 and a beta of 2.11. Power Solutions International, Inc. has a 12-month low of $18.10 and a 12-month high of $121.78. The company has a quick ratio of 1.19, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $68.37 and a 200 day moving average price of $78.55.

Power Solutions International 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.