Power Solutions International, Inc. $PSIX Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in shares of Power Solutions International, Inc. (NASDAQ:PSIX) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,729 shares of the company’s stock after selling 10,408 shares during the quarter. Ritholtz Wealth Management’s holdings in Power Solutions International were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Creative Planning increased its holdings in Power Solutions International by 1.8% in the 3rd quarter. Creative Planning now owns 10,819 shares of the company’s stock valued at $1,063,000 after purchasing an additional 196 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Power Solutions International in the 3rd quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Power Solutions International by 2,672.7% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 305 shares of the company’s stock valued at $30,000 after purchasing an additional 294 shares in the last quarter. California State Teachers Retirement System acquired a new stake in Power Solutions International in the 2nd quarter valued at $26,000. Finally, World Equity Group Inc. increased its holdings in Power Solutions International by 3.1% in the 3rd quarter. World Equity Group Inc. now owns 14,688 shares of the company’s stock valued at $1,443,000 after purchasing an additional 436 shares in the last quarter. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Power Solutions International Stock Up 9.3%

Shares of Power Solutions International stock opened at $85.40 on Wednesday. The business has a 50-day moving average of $71.48 and a 200-day moving average of $71.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.15 and a quick ratio of 1.77. The company has a market capitalization of $1.97 billion, a PE ratio of 17.25 and a beta of 2.19. Power Solutions International, Inc. has a 1-year low of $20.90 and a 1-year high of $121.78.

Analysts Set New Price Targets

Several analysts recently issued reports on PSIX shares. Loop Capital set a $107.00 price target on Power Solutions International in a report on Wednesday, March 4th. Wall Street Zen downgraded shares of Power Solutions International from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group lowered their price objective on shares of Power Solutions International from $110.51 to $92.90 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.95.

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.