UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 413,941 Forgent Power Solutions, Inc. $FPS

Key Points

• UBS Asset Management acquired 413,941 shares of Forgent Power Solutions during the second quarter, worth approximately $23.1 million and representing about 0.14% of the company. The Ohio Public Employees Retirement System also opened a $2.0 million position.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $56.75. Recent target prices range from $51 to $60, although Weiss Ratings downgraded the shares to “sell.”
• FPS opened at $31.36, below its 50-day and 200-day moving averages of $38.25 and $40.29, respectively. The company’s growth outlook is tied to rising demand for electrical distribution equipment from data centers, power-grid upgrades, new generation capacity and factory reshoring.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Forgent Power Solutions, Inc. (NYSE:FPS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 413,941 shares of the company's stock, valued at approximately $23,123,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Forgent Power Solutions at the end of the most recent reporting period.

Separately, Public Employees Retirement System of Ohio acquired a new position in shares of Forgent Power Solutions in the second quarter worth $2,034,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FPS shares. Robert W. Baird began coverage on shares of Forgent Power Solutions in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $55.00 target price for the company. Morgan Stanley lifted their target price on shares of Forgent Power Solutions from $38.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Sunday, May 17th. 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 report on Friday, May 29th. KeyCorp upped their target price on Forgent Power Solutions from $41.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, May 15th. Finally, Weiss Ratings downgraded Forgent Power Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.75.

Forgent Power Solutions Price Performance

Shares of Forgent Power Solutions stock opened at $31.36 on Friday. The business's fifty day moving average price is $38.25 and its 200 day moving average price is $40.29. Forgent Power Solutions, Inc. has a twelve month low of $25.95 and a twelve month high of $66.00. The company has a current ratio of 1.64, a quick ratio of 1.16 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $9.55 billion and a P/E ratio of 209.07.

Forgent Power Solutions 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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