Thompson Davis & CO. Inc. Sells 18,150 Shares of Power Solutions International, Inc. $PSIX

Thompson Davis & CO. Inc. trimmed its position in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 88.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,400 shares of the company’s stock after selling 18,150 shares during the period. Thompson Davis & CO. Inc.’s holdings in Power Solutions International were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Busey Bank bought a new stake in shares of Power Solutions International in the 3rd quarter valued at about $21,608,000. Allspring Global Investments Holdings LLC acquired a new position in Power Solutions International during the third quarter worth approximately $19,001,000. Geode Capital Management LLC raised its stake in Power Solutions International by 102.2% in the second quarter. Geode Capital Management LLC now owns 154,383 shares of the company’s stock valued at $9,987,000 after buying an additional 78,034 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Power Solutions International during the 2nd quarter worth approximately $4,735,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Power Solutions International during the 2nd quarter worth approximately $2,968,000. Institutional investors own 22.28% of the company’s stock.

Analysts Set New Price Targets

PSIX has been the subject of several research reports. Wall Street Zen downgraded Power Solutions International from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Jefferies Financial Group started coverage on shares of Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 target price for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.51.

Power Solutions International Price Performance

NASDAQ:PSIX opened at $80.97 on Friday. Power Solutions International, Inc. has a 52 week low of $18.10 and a 52 week high of $121.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28. The firm’s 50-day simple moving average is $67.70 and its 200 day simple moving average is $78.69. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 15.39 and a beta of 2.11.

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

About Power Solutions International

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.