220,000 Shares in Power Solutions International, Inc. $PSIX Acquired by Busey Bank

Busey Bank bought a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 220,000 shares of the company’s stock, valued at approximately $21,608,000. Busey Bank owned approximately 0.96% of Power Solutions International at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PSIX. Wolff Wiese Magana LLC acquired a new position in shares of Power Solutions International during the second quarter valued at $26,000. California State Teachers Retirement System acquired a new position in Power Solutions International during the 2nd quarter valued at about $26,000. Ameritas Investment Partners Inc. acquired a new position in Power Solutions International during the 2nd quarter valued at about $43,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Power Solutions International during the 2nd quarter worth about $52,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Power Solutions International in the 2nd quarter worth approximately $53,000. Institutional investors own 22.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PSIX. Weiss Ratings reiterated a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday. Wall Street Zen lowered Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Jefferies Financial Group assumed coverage on Power Solutions International in a research note on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.51.

Power Solutions International Price Performance

NASDAQ PSIX opened at $66.53 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 12.65 and a beta of 2.01. Power Solutions International, Inc. has a 1 year low of $18.10 and a 1 year high of $121.78. The business’s fifty day moving average is $67.19 and its two-hundred day moving average is $77.77. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

Power Solutions International (NASDAQ:PSIX) last issued its earnings results on Thursday, November 6th. The company reported $1.20 earnings per share (EPS) for the quarter. The business had revenue of $203.83 million for the quarter. Power Solutions International had a return on equity of 109.04% and a net margin of 17.94%.

Power Solutions International 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.