Osaic Holdings Inc. Grows Position in Power Solutions International, Inc. $PSIX

Osaic Holdings Inc. raised its holdings in Power Solutions International, Inc. (NASDAQ:PSIX) by 102.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,759 shares of the company’s stock after purchasing an additional 22,637 shares during the period. Osaic Holdings Inc. owned 0.19% of Power Solutions International worth $2,895,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PSIX. Charles Schwab Investment Management Inc. bought a new position in Power Solutions International in the 1st quarter worth approximately $782,000. OMERS ADMINISTRATION Corp bought a new position in shares of Power Solutions International in the first quarter worth $222,000. Corsair Capital Management L.P. grew its position in shares of Power Solutions International by 129.8% in the first quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company’s stock valued at $929,000 after purchasing an additional 20,767 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Power Solutions International in the first quarter valued at $625,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Power Solutions International during the 1st quarter valued at $112,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Power Solutions International Trading Down 1.6%

PSIX stock opened at $65.49 on Friday. The company has a market capitalization of $1.51 billion, a PE ratio of 12.45 and a beta of 2.01. 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, Inc. has a one year low of $18.10 and a one year high of $121.78. The company’s 50 day moving average price is $66.76 and its two-hundred day moving average price is $77.89.

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

Analysts Set New Price Targets

Several brokerages have commented on PSIX. Wall Street Zen downgraded Power Solutions International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Power Solutions International in a research report on Monday. Finally, Jefferies Financial Group assumed coverage on shares of Power Solutions International in a research report on Monday, December 1st. They issued a “buy” rating and a $110.51 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.51.

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.