24,900 Forgent Power Solutions, Inc. $FPS Shares Purchased by Aire Advisors LLC

Aire Advisors LLC increased its stake in Forgent Power Solutions, Inc. (NYSE:FPS) by 45.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,900 shares of the company’s stock after purchasing an additional 24,900 shares during the quarter. Aire Advisors LLC’s holdings in Forgent Power Solutions were worth $2,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FPS. Kopp Family Office LLC raised its position in shares of Forgent Power Solutions by 67.8% during the 3rd quarter. Kopp Family Office LLC now owns 10,240 shares of the company’s stock valued at $383,000 after purchasing an additional 4,136 shares during the period. City State Bank bought a new position in Forgent Power Solutions in the 3rd quarter worth approximately $32,000. Pension & Wealth Management Advisors Inc. grew its holdings in Forgent Power Solutions by 261.2% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 9,406 shares of the company’s stock valued at $352,000 after buying an additional 6,802 shares in the last quarter. Fortitude Advisory Group L.L.C. bought a new stake in Forgent Power Solutions in the 3rd quarter valued at $1,313,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Forgent Power Solutions by 177.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,900,452 shares of the company’s stock valued at $71,153,000 after purchasing an additional 1,216,571 shares in the last quarter.

Forgent Power Solutions Price Performance

Shares of FPS stock opened at $31.71 on Thursday. The company has a market cap of $9.65 billion and a P/E ratio of 81.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.54 and a quick ratio of 1.07. The stock’s 50-day moving average is $34.74 and its 200 day moving average is $40.89. Forgent Power Solutions, Inc. has a 1-year low of $25.95 and a 1-year high of $66.00.

Forgent Power Solutions (NYSE:FPS) last posted its quarterly earnings data on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $461.67 million during the quarter. Forgent Power Solutions had a net margin of 5.76% and a return on equity of 24.59%. The company’s revenue was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Research analysts predict that Forgent Power Solutions, Inc. will post 1.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FPS has been the topic of several research reports. Wolfe Research restated an “outperform” rating and issued a $60.00 price target on shares of Forgent Power Solutions in a research report on Thursday, July 9th. TD Cowen boosted their target price on Forgent Power Solutions from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, September 16th. Weiss Ratings cut shares of Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. Sanford C. Bernstein assumed coverage on Forgent Power Solutions in a research note on Friday, October 2nd. They set an “outperform” rating and a $48.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on Forgent Power Solutions in a research note on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.64.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.

Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.

The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.