SG Americas Securities LLC Raises Holdings in Power Solutions International, Inc. $PSIX

SG Americas Securities LLC raised its stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 12,036.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,395 shares of the company’s stock after acquiring an additional 214,612 shares during the quarter. SG Americas Securities LLC’s holdings in Power Solutions International were worth $13,174,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PSIX. Vanguard Group Inc. boosted its position in Power Solutions International by 38.9% during the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock valued at $49,344,000 after purchasing an additional 140,743 shares in the last quarter. Situational Awareness LP bought a new position in Power Solutions International in the fourth quarter worth about $24,702,000. Allspring Global Investments Holdings LLC lifted its position in shares of Power Solutions International by 59.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock valued at $20,229,000 after buying an additional 122,672 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Power Solutions International by 344.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after buying an additional 251,883 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Power Solutions International in the 4th quarter valued at about $13,052,000. 22.28% of the stock is owned by institutional investors.

Power Solutions International Trading Down 1.9%

Shares of Power Solutions International stock opened at $37.99 on Friday. Power Solutions International, Inc. has a 1 year low of $35.77 and a 1 year high of $121.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81. The stock has a market cap of $875.67 million, a PE ratio of 8.56 and a beta of 2.00. The firm has a fifty day moving average price of $50.88 and a 200 day moving average price of $63.50.

Wall Street Analysts Forecast Growth

Several 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 research note on Wednesday, May 13th. Loop Capital set a $107.00 target price on shares of Power Solutions International in a research note on Wednesday, March 4th. Wall Street Zen lowered shares of Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Jefferies Financial Group lowered their price objective on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Finally, Freedom Capital downgraded Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $99.95.

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.