Allspring Global Investments Holdings LLC Has $20.23 Million Stock Holdings in Power Solutions International, Inc. $PSIX

Allspring Global Investments Holdings LLC boosted its position in shares of Power Solutions International, Inc. (NASDAQ:PSIXFree Report) by 59.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,761 shares of the company’s stock after purchasing an additional 122,672 shares during the period. Allspring Global Investments Holdings LLC owned 1.43% of Power Solutions International worth $20,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSIX. Federated Hermes Inc. purchased a new stake in shares of Power Solutions International during the 3rd quarter worth about $26,000. California State Teachers Retirement System acquired a new position in Power Solutions International in the second quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its position in Power Solutions International by 2,672.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock worth $30,000 after acquiring an additional 294 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Power Solutions International during the 2nd quarter worth $52,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Power Solutions International during the 3rd quarter valued at $98,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Power Solutions International Price Performance

Shares of NASDAQ:PSIX opened at $67.55 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 13.65 and a beta of 2.19. The company has a current ratio of 3.15, a quick ratio of 1.77 and a debt-to-equity ratio of 0.54. Power Solutions International, Inc. has a 1-year low of $18.10 and a 1-year high of $121.78. The business’s 50 day moving average is $71.66 and its 200-day moving average is $73.75.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PSIX shares. Wall Street Zen lowered Power Solutions International from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Loop Capital set a $107.00 price objective on Power Solutions International in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a report on Friday, March 27th. Finally, Jefferies Financial Group cut their price target on Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Power Solutions International currently has a consensus rating of “Moderate Buy” and an average target price of $99.95.

Read Our Latest Stock Report on PSIX

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Power Solutions International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Power Solutions International (NASDAQ:PSIX)

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