Power Solutions International (NASDAQ:PSIX) Shares Up 8.1% – Time to Buy?

Power Solutions International, Inc. (NASDAQ:PSIX) shot up 8.1% on Thursday . The company traded as high as $95.07 and last traded at $92.78. 333,228 shares changed hands during trading, a decline of 19% from the average session volume of 410,543 shares. The stock had previously closed at $85.86.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group started coverage on Power Solutions International in a 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 research report on Monday, December 29th. Finally, Wall Street Zen cut 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.51.

Power Solutions International Stock Up 8.2%

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 company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 17.66 and a beta of 2.11. The firm has a 50-day moving average price of $69.49 and a two-hundred day moving average price of $78.55.

Institutional Trading of Power Solutions International

A number of hedge funds and other institutional investors have recently made changes to their positions in PSIX. Triumph Capital Management boosted its holdings in Power Solutions International by 101.3% during the fourth quarter. Triumph Capital Management now owns 3,547 shares of the company’s stock worth $203,000 after purchasing an additional 1,785 shares during the last quarter. Renaissance Technologies LLC lifted its position in Power Solutions International by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 107,898 shares of the company’s stock worth $6,165,000 after buying an additional 1,400 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Power Solutions International by 802.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 201,891 shares of the company’s stock worth $11,538,000 after buying an additional 179,511 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of Power Solutions International during the 4th quarter worth about $260,000. Finally, Swiss National Bank grew its holdings in shares of Power Solutions International by 35.8% in the 4th quarter. Swiss National Bank now owns 18,200 shares of the company’s stock valued at $1,040,000 after acquiring an additional 4,800 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

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.