Mirae Asset Global Investments Co. Ltd. Makes New Investment in Forgent Power Solutions, Inc. $FPS

Posted by Francis Steltz on Nov 6th, 2026

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Forgent Power Solutions, Inc. (NYSE:FPS – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 152,260 shares of the company’s stock, valued at approximately $5,701,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FPS. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Forgent Power Solutions by 223.2% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 54,300 shares of the company’s stock worth $2,033,000 after buying an additional 37,500 shares in the last quarter. Brooklands Fund Management Ltd increased its holdings in Forgent Power Solutions by 48.9% in the third quarter. Brooklands Fund Management Ltd now owns 161,994 shares of the company’s stock valued at $6,065,000 after buying an additional 53,182 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Forgent Power Solutions by 78.4% in the third quarter. D.A. Davidson & CO. now owns 47,479 shares of the company’s stock valued at $1,778,000 after buying an additional 20,864 shares in the last quarter. WPG Advisers LLC increased its holdings in Forgent Power Solutions by 417.6% in the third quarter. WPG Advisers LLC now owns 1,144 shares of the company’s stock valued at $43,000 after buying an additional 923 shares in the last quarter. Finally, Moody Aldrich Partners LLC acquired a new stake in shares of Forgent Power Solutions during the 3rd quarter valued at approximately $3,529,000.

Forgent Power Solutions Price Performance

Shares of NYSE FPS opened at $18.09 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $32.65 and its 200 day moving average price is $38.46. Forgent Power Solutions, Inc. has a 52 week low of $17.98 and a 52 week high of $66.00. The stock has a market cap of $5.51 billion and a price-to-earnings ratio of 46.38.

Forgent Power Solutions (NYSE:FPS – Get Free Report) last announced its earnings results on Tuesday, September 15th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company had revenue of $461.67 million during the quarter. The business’s quarterly revenue was up 94.3% compared to the same quarter last year. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. As a group, research analysts forecast that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on FPS. Wells Fargo & Company began coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They set an “equal weight” rating and a $44.00 price target on the stock. Clear Str upgraded Forgent Power Solutions to a “strong-buy” rating in a report on Monday, October 26th. KeyCorp reaffirmed an “overweight” rating on shares of Forgent Power Solutions in a research note on Wednesday, September 16th. JPMorgan Chase & Co. reduced their price objective on Forgent Power Solutions from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Finally, Weiss Ratings downgraded Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.21.

View Our Latest Analysis on Forgent Power Solutions

Forgent Power Solutions Profile

(Free Report)

Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.

Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.

The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.