Power Solutions International, Inc. $PSIX Shares Sold by Burney Co.

Burney Co. lowered its position in Power Solutions International, Inc. (NASDAQ:PSIX) by 30.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,227 shares of the company’s stock after selling 11,911 shares during the quarter. Burney Co. owned 0.12% of Power Solutions International worth $2,674,000 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 the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of Power Solutions International during the first quarter worth about $782,000. OMERS ADMINISTRATION Corp acquired a new stake in Power Solutions International during the 1st quarter valued at approximately $222,000. Goldman Sachs Group Inc. purchased a new stake in Power Solutions International during the 1st quarter worth approximately $625,000. Acadian Asset Management LLC acquired a new position in shares of Power Solutions International in the 1st quarter valued at approximately $112,000. Finally, GK Wealth Management LLC purchased a new position in shares of Power Solutions International during the 2nd quarter valued at approximately $329,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PSIX shares. Jefferies Financial Group began coverage on shares of Power Solutions International in a research report on Monday, December 1st. They set a “buy” rating and a $110.51 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Power Solutions International in a report on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.51.

Power Solutions International Stock Performance

Power Solutions International stock opened at $65.49 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 1.19. Power Solutions International, Inc. has a 12 month low of $18.10 and a 12 month high of $121.78. The company has a fifty day moving average price of $66.76 and a two-hundred day moving average price of $78.09. The company has a market cap of $1.51 billion, a PE ratio of 12.45 and a beta of 2.01.

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

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.