Power Solutions International (NASDAQ:PSIX) Upgraded at Freedom Capital

Key Points

• Freedom Capital upgraded Power Solutions International from “hold” to “strong buy,” while the overall analyst consensus remains “Buy” with a $99.95 target price.
• PSIX reported quarterly earnings of $0.78 per share on $152.54 million in revenue, with a 10.03% net margin and 39.20% return on equity.
• The stock opened at $42.15, down 2%, and remains highly volatile, trading between $25.28 and $119.70 over the past year; institutional investors own 22.28% of shares.

Power Solutions International (NASDAQ:PSIX - Get Free Report) was upgraded by investment analysts at Freedom Capital from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings downgraded Power Solutions International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $99.95.

Power Solutions International Trading Down 2.0%

NASDAQ:PSIX opened at $42.15 on Monday. The company has a quick ratio of 1.81, a current ratio of 3.42 and a debt-to-equity ratio of 0.55. The company's 50 day moving average is $35.61 and its 200-day moving average is $56.00. The firm has a market cap of $972.40 million, a price-to-earnings ratio of 14.29 and a beta of 2.01. Power Solutions International has a 12 month low of $25.28 and a 12 month high of $119.70.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Power Solutions International by 38.9% during the third quarter. Vanguard Group Inc. now owns 502,381 shares of the company's stock valued at $49,344,000 after purchasing an additional 140,743 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Power Solutions International by 5.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company's stock worth $28,382,000 after buying an additional 23,108 shares in the last quarter. Situational Awareness LP acquired a new position in shares of Power Solutions International in the 4th quarter worth approximately $24,702,000. Dimensional Fund Advisors LP lifted its position in shares of Power Solutions International by 40.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 283,241 shares of the company's stock worth $17,240,000 after buying an additional 81,350 shares during the period. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Power Solutions International during the 4th quarter worth approximately $13,052,000. Institutional investors and hedge funds own 22.28% of the company's stock.

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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