Ritholtz Wealth Management Sells 11,736 Shares of Power Solutions International, Inc. $PSIX

Ritholtz Wealth Management decreased its stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 28.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,137 shares of the company’s stock after selling 11,736 shares during the quarter. Ritholtz Wealth Management owned approximately 0.13% of Power Solutions International worth $2,862,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC bought a new position in Power Solutions International in the 2nd quarter worth about $26,000. California State Teachers Retirement System purchased a new stake in shares of Power Solutions International in the second quarter valued at approximately $26,000. Ameritas Investment Partners Inc. bought a new position in Power Solutions International in the second quarter worth approximately $43,000. Twin Peaks Wealth Advisors LLC bought a new position in Power Solutions International in the second quarter worth approximately $52,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Power Solutions International during the 2nd quarter worth $53,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Price Performance

PSIX opened at $76.00 on Friday. The firm has a market capitalization of $1.75 billion, a PE ratio of 14.45 and a beta of 2.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19. The business’s 50-day moving average is $61.94 and its two-hundred day moving average is $78.83. Power Solutions International, Inc. has a 1 year low of $18.10 and a 1 year high of $121.78.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group initiated coverage on Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 target price for the company. Wall Street Zen downgraded Power Solutions International from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Two 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 company presently has an average rating of “Moderate Buy” and a consensus price target 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.