Situational Awareness LP Purchases New Stake in Power Solutions International, Inc. $PSIX

Situational Awareness LP purchased a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 432,300 shares of the company’s stock, valued at approximately $24,702,000. Power Solutions International comprises 0.4% of Situational Awareness LP’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSIX. California State Teachers Retirement System bought a new stake in Power Solutions International during the 2nd quarter valued at $26,000. Federated Hermes Inc. bought a new stake in Power Solutions International during the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its holdings in 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 buying an additional 294 shares during the last quarter. State of Wyoming bought a new stake in Power Solutions International during the 4th quarter valued at $49,000. Finally, Indiana Trust & Investment Management Co bought a new stake in Power Solutions International during the 4th quarter valued at $57,000. 22.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Jefferies Financial Group lowered their price target on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a report on Tuesday, March 24th. Wall Street Zen lowered shares of Power Solutions International from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a report on Wednesday, March 4th. Finally, Freedom Capital lowered shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Power Solutions International has a consensus rating of “Hold” and a consensus price target of $99.95.

Power Solutions International Stock Down 6.4%

Shares of NASDAQ PSIX opened at $37.61 on Friday. The company has a current ratio of 3.42, a quick ratio of 1.81 and a debt-to-equity ratio of 0.55. Power Solutions International, Inc. has a 12 month low of $35.77 and a 12 month high of $121.78. The firm has a market capitalization of $866.91 million, a PE ratio of 8.47 and a beta of 2.00. The firm has a fifty day simple moving average of $59.74 and a two-hundred day simple moving average of $65.10.

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.