Power Solutions International, Inc. $PSIX Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Power Solutions International stake by 40.3% in the first quarter, adding 81,350 shares to own 283,241 shares, or 1.23% of PSIX. Institutional investors collectively hold 22.28% of the company.
• Other major investors also expanded their positions, including Vanguard, Arrowstreet Capital and SG Americas, while Situational Awareness and Antipodes Partners initiated new stakes.
• Analysts remain cautious, with PSIX carrying a consensus “Hold” rating and a $99.95 average price target. The company recently reported quarterly revenue of $152.54 million and earnings of $0.78 per share.

Dimensional Fund Advisors LP raised its stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 40.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,241 shares of the company's stock after acquiring an additional 81,350 shares during the period. Dimensional Fund Advisors LP owned 1.23% of Power Solutions International worth $17,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted 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 buying an additional 140,743 shares during the last quarter. Situational Awareness LP acquired a new position in shares of Power Solutions International in the 4th quarter valued at $24,702,000. Arrowstreet Capital Limited Partnership raised its position in Power Solutions International by 344.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 325,085 shares of the company's stock valued at $31,930,000 after purchasing an additional 251,883 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in Power Solutions International in the 4th quarter valued at $13,052,000. Finally, SG Americas Securities LLC boosted its stake in Power Solutions International by 12,036.6% during the 1st quarter. SG Americas Securities LLC now owns 216,395 shares of the company's stock worth $13,174,000 after purchasing an additional 214,612 shares during the period. Hedge funds and other institutional investors own 22.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on PSIX. Weiss Ratings lowered shares of Power Solutions International from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. Freedom Capital downgraded shares of Power Solutions International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Power Solutions International presently has a consensus rating of "Hold" and an average price target of $99.95.

Power Solutions International Stock Up 23.6%

Shares of Power Solutions International stock opened at $40.82 on Friday. Power Solutions International, Inc. has a one year low of $25.28 and a one year high of $121.78. The company has a market cap of $940.90 million, a P/E ratio of 13.84 and a beta of 2.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42. The firm has a fifty day moving average of $35.51 and a two-hundred day moving average of $56.62.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. Power Solutions International had a net margin of 10.03% and a return on equity of 39.20%. The business had revenue of $152.54 million for the quarter.

About Power Solutions International

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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