3,158,622 Shares in Forgent Power Solutions, Inc. $FPS Purchased by Value Aligned Research Advisors LLC

Value Aligned Research Advisors LLC acquired a new stake in shares of Forgent Power Solutions, Inc. (NYSE:FPS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,158,622 shares of the company’s stock, valued at approximately $176,441,000. Value Aligned Research Advisors LLC owned approximately 1.04% of Forgent Power Solutions as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Robert W. Baird initiated coverage on shares of Forgent Power Solutions in a report on Wednesday, July 15th. They set an “outperform” rating and a $55.00 target price on the stock. KeyCorp lifted their price target on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Zacks Research upgraded shares of Forgent Power Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Wolfe Research reissued an “outperform” rating and issued a $60.00 price target on shares of Forgent Power Solutions in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Forgent Power Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $56.75.

Forgent Power Solutions Stock Performance

Shares of FPS stock opened at $31.36 on Friday. Forgent Power Solutions, Inc. has a one year low of $25.95 and a one year high of $66.00. The company’s 50-day moving average is $38.25 and its 200 day moving average is $40.29. The company has a market capitalization of $9.55 billion and a price-to-earnings ratio of 209.07. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.64.

Forgent Power Solutions Company Profile

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.