25,440 Shares in Power Solutions International, Inc. $PSIX Purchased by OP Asset Management Ltd

OP Asset Management Ltd acquired a new position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 25,440 shares of the company’s stock, valued at approximately $1,549,000.

Several other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System acquired a new stake in shares of Power Solutions International during the second quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd raised its stake 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 purchasing an additional 294 shares during the period. State of Wyoming purchased a new stake in shares of Power Solutions International in the fourth quarter valued at $49,000. Indiana Trust & Investment Management Co acquired a new stake in shares of Power Solutions International in the fourth quarter worth $57,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Power Solutions International during the fourth quarter valued at $77,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Power Solutions International Stock Down 4.0%

PSIX opened at $36.46 on Tuesday. The company has a market capitalization of $840.40 million, a PE ratio of 8.21 and a beta of 2.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81. Power Solutions International, Inc. has a fifty-two week low of $35.77 and a fifty-two week high of $121.78. The business has a 50-day moving average of $49.96 and a 200-day moving average of $63.33.

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.