Osaic Holdings Inc. Raises Holdings in Power Solutions International, Inc. $PSIX

Osaic Holdings Inc. boosted its stake in Power Solutions International, Inc. (NASDAQ:PSIX) by 102.3% during the second quarter, Holdings Channel.com reports. The firm owned 44,759 shares of the company’s stock after buying an additional 22,637 shares during the period. Osaic Holdings Inc.’s holdings in Power Solutions International were worth $2,895,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Power Solutions International by 102.2% in the second quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock worth $9,987,000 after purchasing an additional 78,034 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Power Solutions International during the 2nd quarter valued at $4,735,000. Raymond James Financial Inc. boosted its position in Power Solutions International by 174.6% during the 2nd quarter. Raymond James Financial Inc. now owns 67,914 shares of the company’s stock valued at $4,393,000 after buying an additional 43,185 shares during the period. Valiant Capital Management L.P. grew its holdings in Power Solutions International by 38.8% in the 2nd quarter. Valiant Capital Management L.P. now owns 60,505 shares of the company’s stock worth $3,913,000 after acquiring an additional 16,900 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Power Solutions International in the second quarter valued at about $2,968,000. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Down 1.6%

NASDAQ:PSIX opened at $65.49 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19. The firm’s 50-day moving average price is $66.76 and its 200-day moving average price is $77.89. The company has a market capitalization of $1.51 billion, a PE ratio of 12.45 and a beta of 2.01. Power Solutions International, Inc. has a 1-year low of $18.10 and a 1-year high of $121.78.

Power Solutions International (NASDAQ:PSIX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.20 earnings per share for the quarter. Power Solutions International had a net margin of 17.94% and a return on equity of 109.04%. The business had revenue of $203.83 million for the quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on PSIX. Wall Street Zen lowered Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Jefferies Financial Group initiated coverage on Power Solutions International in a report on Monday, December 1st. They set a “buy” rating and a $110.51 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.51.

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.