Sierra Summit Advisors LLC Acquires Shares of 9,752 Power Solutions International, Inc. $PSIX

Sierra Summit Advisors LLC bought a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,752 shares of the company’s stock, valued at approximately $958,000.

Several other institutional investors have also modified their holdings of the business. Federated Hermes Inc. acquired a new stake in Power Solutions International during the 3rd quarter valued at approximately $26,000. California State Teachers Retirement System bought a new stake in shares of Power Solutions International in the second quarter worth $26,000. Ameritas Investment Partners Inc. bought a new position in Power Solutions International during the 2nd quarter valued at $43,000. Twin Peaks Wealth Advisors LLC acquired a new position in Power Solutions International during the 2nd quarter worth $52,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Power Solutions International during the 2nd quarter worth $92,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Power Solutions International Price Performance

PSIX opened at $83.50 on Friday. 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 company’s 50-day moving average price is $76.26 and its 200 day moving average price is $78.58. Power Solutions International, Inc. has a fifty-two week low of $18.10 and a fifty-two week high of $121.78. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 15.87 and a beta of 2.11.

Wall Street Analysts Forecast Growth

PSIX has been the topic of several research analyst 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 price target 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 report on Saturday, December 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Power Solutions International presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.51.

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.