Verde Servicos Internacionais S.A. Acquires New Position in Power Solutions International, Inc. $PSIX

Verde Servicos Internacionais S.A. bought a new position in Power Solutions International, Inc. (NASDAQ:PSIX) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,172 shares of the company’s stock, valued at approximately $1,196,000. Power Solutions International comprises approximately 0.3% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 24th largest holding. Verde Servicos Internacionais S.A. owned approximately 0.05% of Power Solutions International as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Busey Bank bought a new stake in shares of Power Solutions International during the third quarter valued at approximately $21,608,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Power Solutions International in the 3rd quarter worth $19,001,000. Geode Capital Management LLC raised its stake 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 position in shares of Power Solutions International during the second quarter valued at $4,735,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Power Solutions International during the second quarter valued at $2,968,000. Institutional investors own 22.28% of the company’s stock.

Power Solutions International Price Performance

NASDAQ PSIX opened at $85.86 on Thursday. The company has a 50-day moving average price of $69.49 and a 200-day moving average price of $78.55. Power Solutions International, Inc. has a 52 week low of $18.10 and a 52 week high of $121.78. The company has a quick ratio of 1.19, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.98 billion, a P/E ratio of 16.32 and a beta of 2.11.

Wall Street Analyst Weigh In

PSIX has been the subject of a number of recent analyst reports. Wall Street Zen lowered Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a report on Monday, December 29th. Finally, Jefferies Financial Group initiated coverage on shares of Power Solutions International in a research report on Monday, December 1st. They set a “buy” rating and a $110.51 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Company 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.