UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in Forgent Power Solutions, Inc. $FPS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Forgent Power Solutions, Inc. (NYSE:FPS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 413,941 shares of the company’s stock, valued at approximately $23,123,000.

Separately, Bank of New York Mellon Corp lifted its stake in shares of Forgent Power Solutions by 813.0% during the second quarter. Bank of New York Mellon Corp now owns 326,317 shares of the company’s stock worth $18,228,000 after purchasing an additional 290,577 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts recently commented on FPS shares. TD Securities reiterated a “buy” rating and set a $63.00 target price on shares of Forgent Power Solutions in a report on Friday, May 15th. Robert W. Baird began coverage on shares of Forgent Power Solutions in a research note on Wednesday, July 15th. They set an “outperform” rating and a $55.00 price objective on the stock. KeyCorp boosted their target price on shares of Forgent Power Solutions from $41.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Oppenheimer upped their target price on shares of Forgent Power Solutions from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Weiss Ratings lowered shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Forgent Power Solutions presently has an average rating of “Moderate Buy” and an average target price of $56.75.

Forgent Power Solutions Stock Up 2.5%

FPS stock opened at $31.36 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The firm has a 50 day simple moving average of $38.25 and a 200-day simple moving average of $40.29. The company has a market capitalization of $9.55 billion and a P/E ratio of 209.07. Forgent Power Solutions, Inc. has a twelve month low of $25.95 and a twelve month high of $66.00.

About Forgent Power Solutions

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.