Power Solutions International, Inc. $PSIX Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its holdings in Power Solutions International, Inc. (NASDAQ:PSIX) by 35.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,729 shares of the company’s stock after selling 10,408 shares during the period. Ritholtz Wealth Management owned 0.08% of Power Solutions International worth $1,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PSIX. Federated Hermes Inc. acquired a new position in Power Solutions International in the 3rd quarter valued at $26,000. California State Teachers Retirement System acquired a new position in shares of Power Solutions International during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Power Solutions International by 2,672.7% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Indiana Trust & Investment Management Co acquired a new position in shares of Power Solutions International during the 4th quarter valued at about $57,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Power Solutions International during the 3rd quarter valued at about $98,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Power Solutions International Trading Up 9.3%

PSIX stock opened at $85.40 on Wednesday. Power Solutions International, Inc. has a 52 week low of $20.90 and a 52 week high of $121.78. The business has a fifty day simple moving average of $71.48 and a 200-day simple moving average of $71.74. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 17.25 and a beta of 2.19.

Analysts Set New Price Targets

A number of research firms have recently commented on PSIX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group dropped their price objective on Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.95.

Power Solutions International 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.