Power Solutions International (NASDAQ:PSIX) Announces Earnings Results

Power Solutions International (NASDAQ:PSIX) announced its earnings results on Thursday. The company reported $0.78 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $152.54 million during the quarter. Power Solutions International had a net margin of 14.28% and a return on equity of 62.14%.

Power Solutions International Stock Performance

Power Solutions International stock traded up $6.69 during midday trading on Friday, hitting $39.71. The stock had a trading volume of 265,775 shares, compared to its average volume of 620,025. Power Solutions International has a 52-week low of $25.28 and a 52-week high of $121.78. The company has a market capitalization of $915.36 million, a PE ratio of 8.98 and a beta of 2.01. The firm’s fifty day moving average is $35.52 and its two-hundred day moving average is $56.73. The company has a current ratio of 3.42, a quick ratio of 1.81 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PSIX. Freedom Capital downgraded Power Solutions International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Power Solutions International currently has a consensus rating of “Hold” and an average price target of $99.95.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSIX. Situational Awareness LP purchased a new stake in shares of Power Solutions International during the fourth quarter worth about $24,702,000. Arrowstreet Capital Limited Partnership grew its holdings in Power Solutions International by 344.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company’s stock valued at $31,930,000 after buying an additional 251,883 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Power Solutions International in the 4th quarter worth $13,052,000. SG Americas Securities LLC raised its position in shares of Power Solutions International by 12,036.6% during the 1st quarter. SG Americas Securities LLC now owns 216,395 shares of the company’s stock valued at $13,174,000 after buying an additional 214,612 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Power Solutions International by 802.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 201,891 shares of the company’s stock valued at $11,538,000 after acquiring an additional 179,511 shares during the last quarter. Hedge funds and other institutional investors own 22.28% of the company’s stock.

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.