Allspring Global Investments Holdings LLC Buys 122,672 Shares of Power Solutions International, Inc. $PSIX

Allspring Global Investments Holdings LLC boosted its stake in Power Solutions International, Inc. (NASDAQ:PSIXFree Report) by 59.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,761 shares of the company’s stock after buying an additional 122,672 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Power Solutions International were worth $20,229,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Power Solutions International during the third quarter worth $26,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 294 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of Power Solutions International in the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Power Solutions International in the 2nd quarter worth about $52,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Power Solutions International in the 3rd quarter worth about $98,000. 22.28% of the stock is currently owned by institutional investors.

Key Headlines Impacting Power Solutions International

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

Power Solutions International Price Performance

Power Solutions International stock opened at $67.55 on Friday. The business’s fifty day moving average is $71.66 and its two-hundred day moving average is $73.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 3.15. The firm has a market cap of $1.56 billion, a P/E ratio of 13.65 and a beta of 2.19. Power Solutions International, Inc. has a 52 week low of $18.10 and a 52 week high of $121.78.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PSIX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a report on Friday, March 27th. Loop Capital set a $107.00 price objective on shares of Power Solutions International in a research note on Wednesday, March 4th. Wall Street Zen lowered shares of Power Solutions International from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Jefferies Financial Group cut their target price on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.95.

Check Out Our Latest Report on Power Solutions International

Power Solutions International Profile

(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.

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

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