Power Solutions International, Inc. $PSIX Position Lessened by Burney Co.

Burney Co. lowered its stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 30.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,227 shares of the company’s stock after selling 11,911 shares during the quarter. Burney Co.’s holdings in Power Solutions International were worth $2,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PSIX. Busey Bank bought a new stake in Power Solutions International in the third quarter valued at $21,608,000. Geode Capital Management LLC increased its holdings in shares of Power Solutions International by 102.2% in the 2nd quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock worth $9,987,000 after acquiring an additional 78,034 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Power Solutions International in the 2nd quarter valued at about $4,735,000. Lazard Asset Management LLC bought a new stake in Power Solutions International in the 2nd quarter valued at about $2,968,000. Finally, Raymond James Financial Inc. boosted its stake 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 purchasing an additional 43,185 shares during the period. 22.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Jefferies Financial Group began coverage on Power Solutions International in a report on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.51.

Power Solutions International Stock Performance

Shares of 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. Power Solutions International, Inc. has a one year low of $18.10 and a one year high of $121.78. The business’s 50-day moving average price is $66.76 and its two-hundred day moving average price is $78.09. The company has a market capitalization of $1.51 billion, a P/E ratio of 12.45 and a beta of 2.01.

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

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.