Navellier & Associates Inc. Boosts Stake in Power Solutions International, Inc. $PSIX

Navellier & Associates Inc. boosted its stake in shares of Power Solutions International, Inc. (NASDAQ:PSIXFree Report) by 58.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 101,729 shares of the company’s stock after acquiring an additional 37,569 shares during the period. Navellier & Associates Inc.’s holdings in Power Solutions International were worth $5,813,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased 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 purchasing an additional 122,672 shares in the last quarter. Ruffer LLP purchased a new position in Power Solutions International in the 4th quarter worth $2,178,000. Principal Financial Group Inc. acquired a new stake in Power Solutions International during the 3rd quarter worth about $1,588,000. Verde Servicos Internacionais S.A. acquired a new stake in Power Solutions International during the 3rd quarter worth about $1,196,000. Finally, Mercuria Capital Strategies LLC purchased a new stake in shares of Power Solutions International during the 3rd quarter worth about $4,566,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Power Solutions International Stock Performance

NASDAQ:PSIX opened at $69.09 on Wednesday. The company has a fifty day simple moving average of $68.87 and a two-hundred day simple moving average of $70.30. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 13.96 and a beta of 2.21. The company has a quick ratio of 1.77, a current ratio of 3.15 and a debt-to-equity ratio of 0.54. Power Solutions International, Inc. has a 52 week low of $25.09 and a 52 week high of $121.78.

Analyst Upgrades and Downgrades

PSIX has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Power Solutions International from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings raised shares of Power Solutions International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Loop Capital set a $107.00 target price on shares of Power Solutions International in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group reduced their price target on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Power Solutions International has a consensus rating of “Buy” and a consensus target price of $99.95.

Check Out Our Latest Stock Report on PSIX

Key Stories Impacting Power Solutions International

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About Power Solutions International

(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.

Further Reading

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

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