Hel Ved Capital Management Ltd grew its holdings in Power Solutions International, Inc. (NASDAQ:PSIX – Free Report) by 57.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,126 shares of the company’s stock after purchasing an additional 39,406 shares during the period. Power Solutions International comprises approximately 1.7% of Hel Ved Capital Management Ltd’s holdings, making the stock its 18th largest holding. Hel Ved Capital Management Ltd owned approximately 0.47% of Power Solutions International worth $6,178,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of PSIX. Situational Awareness LP purchased a new stake in Power Solutions International in the fourth quarter worth $24,702,000. Arrowstreet Capital Limited Partnership increased its stake in Power Solutions International by 344.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock worth $31,930,000 after purchasing an additional 251,883 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in Power Solutions International in the fourth quarter worth $13,052,000. Portolan Capital Management LLC purchased a new stake in Power Solutions International in the third quarter worth $19,232,000. Finally, Dimensional Fund Advisors LP increased its stake in Power Solutions International by 802.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 201,891 shares of the company’s stock worth $11,538,000 after purchasing an additional 179,511 shares during the period. Hedge funds and other institutional investors own 22.28% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Loop Capital set a $107.00 target price on Power Solutions International in a research note on Wednesday, March 4th. Weiss Ratings lowered Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Freedom Capital lowered Power Solutions International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Jefferies Financial Group cut their price target on Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $99.95.
Power Solutions International Stock Performance
Shares of Power Solutions International stock opened at $40.72 on Friday. The firm has a market cap of $938.60 million, a P/E ratio of 9.17 and a beta of 2.00. 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 stock’s fifty day moving average price is $57.67 and its 200-day moving average price is $64.64.
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.
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