Stephens Inc. AR Takes Position in Power Solutions International, Inc. $PSIX

Stephens Inc. AR purchased a new position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,635 shares of the company’s stock, valued at approximately $1,241,000. Stephens Inc. AR owned approximately 0.05% of Power Solutions International as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSIX. Goldman Sachs Group Inc. acquired a new stake in Power Solutions International in the first quarter valued at approximately $625,000. Acadian Asset Management LLC purchased a new position in shares of Power Solutions International in the first quarter valued at $112,000. Farther Finance Advisors LLC grew its holdings in Power Solutions International by 88.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $107,000 after purchasing an additional 773 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in Power Solutions International during the 2nd quarter valued at $322,000. Finally, Kathmere Capital Management LLC purchased a new stake in Power Solutions International during the 2nd quarter worth $226,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Performance

Shares of PSIX stock opened at $76.00 on Friday. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 14.45 and a beta of 2.02. Power Solutions International, Inc. has a one year low of $18.10 and a one year high of $121.78. The company’s 50-day simple moving average is $61.94 and its 200-day simple moving average is $78.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $203.83 million for the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PSIX. Jefferies Financial Group started coverage on shares of Power Solutions International in a research report on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note 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’s stock. According to data from MarketBeat, Power Solutions International has an average rating of “Moderate Buy” and an average target price of $101.51.

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.