240,607 Shares in Forgent Power Solutions, Inc. $FPS Purchased by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC purchased 240,607 shares of Forgent Power Solutions during the second quarter, valued at approximately $13.44 million and representing about 0.08% of the company.
• Several other institutional investors initiated positions in FPS, while analyst sentiment remained broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $56.75, despite one sell rating.
• FPS shares opened at $31.07, down 3.8%, well below their 52-week high of $66.00; the company’s market capitalization was approximately $9.46 billion.

Squarepoint Ops LLC bought a new stake in Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 240,607 shares of the company's stock, valued at approximately $13,440,000. Squarepoint Ops LLC owned about 0.08% of Forgent Power Solutions as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Forgent Power Solutions in the second quarter valued at approximately $30,000. Triumph Capital Management bought a new position in Forgent Power Solutions during the second quarter worth $39,000. Hollencrest Capital Management acquired a new position in Forgent Power Solutions during the 2nd quarter valued at $56,000. Allworth Financial LP acquired a new position in Forgent Power Solutions during the 2nd quarter valued at $86,000. Finally, Nykredit A S bought a new stake in Forgent Power Solutions in the 2nd quarter valued at $194,000.

Analyst Ratings Changes

FPS has been the topic of several research reports. Barclays boosted their price objective on shares of Forgent Power Solutions from $44.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Wolfe Research restated an "outperform" rating and set a $60.00 price target on shares of Forgent Power Solutions in a research note on Thursday, July 9th. Weiss Ratings cut Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. Jefferies Financial Group raised their price objective on Forgent Power Solutions from $44.00 to $56.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Finally, Robert W. Baird started coverage on Forgent Power Solutions in a report on Wednesday, July 15th. They set an "outperform" rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $56.75.

Forgent Power Solutions Stock Down 3.8%

Shares of NYSE FPS opened at $31.07 on Thursday. The stock has a market cap of $9.46 billion and a PE ratio of 207.11. The business has a fifty day moving average of $36.93 and a two-hundred day moving average of $40.30. Forgent Power Solutions, Inc. has a 52-week low of $25.95 and a 52-week high of $66.00. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.16 and a current ratio of 1.64.

Forgent Power Solutions Company Profile

We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs.

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