Hel Ved Capital Management Ltd Buys Shares of 68,720 Power Solutions International, Inc. $PSIX

Key Points

• Hel Ved Capital Management bought 68,720 shares of Power Solutions International in Q3—about $6.75 million—representing 0.30% ownership and the stock being its 12th-largest holding.
• Other institutions also piled in: Vanguard boosted its stake by 38.9% to 502,381 shares (~$49.3M), new multi‑million dollar stakes were opened by Busey Bank and Allspring, and institutional investors now own about 22.28% of PSIX.
• Analysts are broadly positive with an average rating of “Moderate Buy” and an average price target of $104.26 (Jefferies $110.51, Loop Capital $107), versus a recent share price near $52, implying substantial consensus upside.

Hel Ved Capital Management Ltd purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 68,720 shares of the company's stock, valued at approximately $6,750,000. Power Solutions International makes up 1.4% of Hel Ved Capital Management Ltd's holdings, making the stock its 12th largest holding. Hel Ved Capital Management Ltd owned 0.30% of Power Solutions International at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Power Solutions International by 38.9% in the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company's stock valued at $49,344,000 after acquiring an additional 140,743 shares in the last quarter. Busey Bank purchased a new stake in shares of Power Solutions International during the 3rd quarter valued at $21,608,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Power Solutions International during the 3rd quarter valued at $19,001,000. Geode Capital Management LLC boosted its position in shares of Power Solutions International by 102.2% in the 2nd quarter. Geode Capital Management LLC now owns 154,383 shares of the company's stock worth $9,987,000 after purchasing an additional 78,034 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Power Solutions International in the 2nd quarter worth $4,735,000. Institutional investors own 22.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PSIX shares. Loop Capital set a $107.00 price target on Power Solutions International in a research note on Wednesday. Wall Street Zen downgraded shares of Power Solutions International from a "buy" rating to a "hold" rating in a report on Saturday. Weiss Ratings reiterated a "hold (c+)" rating on shares of Power Solutions International in a research note on Monday, December 29th. Finally, Jefferies Financial Group started coverage on shares of Power Solutions International in a research note on Monday, December 1st. They set a "buy" rating and a $110.51 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $104.26.

Power Solutions International Price Performance

Shares of NASDAQ PSIX opened at $52.15 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.15 and a quick ratio of 1.19. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.54 and a beta of 2.04. The firm's 50 day simple moving average is $75.86 and its 200-day simple moving average is $77.81. Power Solutions International, Inc. has a 12 month low of $18.10 and a 12 month high of $121.78.

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.

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