Power Solutions International (NASDAQ:PSIX) Announces Quarterly Earnings Results

Power Solutions International (NASDAQ:PSIX) issued its quarterly earnings results on Thursday. The company reported $0.78 earnings per share for the quarter, FiscalAI reports. The company had revenue of $152.54 million for the quarter. Power Solutions International had a return on equity of 39.20% and a net margin of 10.03%.

Power Solutions International Stock Performance

Shares of Power Solutions International stock traded up $7.80 on Friday, reaching $40.82. 1,290,139 shares of the stock were exchanged, compared to its average volume of 489,947. The company has a current ratio of 3.42, a quick ratio of 1.81 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average price of $35.51 and a two-hundred day moving average price of $56.62. The firm has a market capitalization of $940.90 million, a PE ratio of 13.84 and a beta of 2.01. Power Solutions International has a 1-year low of $25.28 and a 1-year high of $121.78.

Analysts Set New Price Targets

PSIX has been the subject of a number of analyst reports. Freedom Capital downgraded Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $99.95.

Institutional Inflows and Outflows

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

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.