OP Asset Management Ltd Invests $1.55 Million in Power Solutions International, Inc. $PSIX

OP Asset Management Ltd acquired a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,440 shares of the company’s stock, valued at approximately $1,549,000. OP Asset Management Ltd owned about 0.11% of Power Solutions International as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Power Solutions International by 38.9% in the 3rd quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock worth $49,344,000 after purchasing an additional 140,743 shares during the last quarter. Situational Awareness LP bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $24,702,000. Allspring Global Investments Holdings LLC boosted its position in shares of Power Solutions International by 59.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 328,761 shares of the company’s stock worth $20,229,000 after buying an additional 122,672 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Power Solutions International by 344.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock worth $31,930,000 after buying an additional 251,883 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new position in Power Solutions International in the 4th quarter worth approximately $13,052,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Power Solutions International Stock Performance

NASDAQ:PSIX opened at $36.46 on Tuesday. The company has a 50-day moving average of $49.96 and a 200-day moving average of $63.33. The firm has a market cap of $840.40 million, a price-to-earnings ratio of 8.21 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 twelve month low of $35.77 and a twelve month high of $121.78.

Wall Street Analysts Forecast Growth

PSIX has been the subject of several recent analyst reports. Wall Street Zen cut Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Freedom Capital cut shares of Power Solutions International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of Power Solutions International from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Jefferies Financial Group decreased 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 report on Tuesday, March 24th. Finally, Loop Capital set a $107.00 target price on Power Solutions International in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Power Solutions International has a consensus rating of “Hold” and a consensus price target of $99.95.

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.