Navellier & Associates Inc. Raises Holdings in Power Solutions International, Inc. $PSIX

Navellier & Associates Inc. grew its holdings in Power Solutions International, Inc. (NASDAQ:PSIXFree Report) by 58.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 101,729 shares of the company’s stock after buying an additional 37,569 shares during the quarter. Navellier & Associates Inc. owned approximately 0.44% of Power Solutions International worth $5,813,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Power Solutions International by 59.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock worth $20,229,000 after acquiring an additional 122,672 shares in the last quarter. Ruffer LLP bought a new stake in shares of Power Solutions International in the 4th quarter worth $2,178,000. Principal Financial Group Inc. bought a new stake in shares of Power Solutions International in the 3rd quarter worth $1,588,000. Verde Servicos Internacionais S.A. bought a new stake in shares of Power Solutions International in the 3rd quarter worth $1,196,000. Finally, Mercuria Capital Strategies LLC purchased a new position in shares of Power Solutions International in the 3rd quarter worth $4,566,000. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Up 1.9%

Shares of NASDAQ:PSIX opened at $69.09 on Wednesday. Power Solutions International, Inc. has a 1 year low of $25.09 and a 1 year high of $121.78. The business has a 50 day simple moving average of $68.87 and a two-hundred day simple moving average of $70.30. The firm has a market capitalization of $1.59 billion, a PE ratio of 13.96 and a beta of 2.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.15 and a quick ratio of 1.77.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Loop Capital set a $107.00 price objective on Power Solutions International in a research report on Wednesday, March 4th. Weiss Ratings upgraded Power Solutions International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, Jefferies Financial Group reduced their target price on Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Power Solutions International presently has an average rating of “Buy” and an average target price of $99.95.

Get Our Latest Analysis on PSIX

Power Solutions International News Roundup

Here are the key news stories impacting Power Solutions International this week:

About Power Solutions International

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Power Solutions International (NASDAQ:PSIX)

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