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

Dimensional Fund Advisors LP boosted its holdings in Power Solutions International, Inc. (NASDAQ:PSIX) by 40.3% in the 1st quarter, HoldingsChannel reports. The fund owned 283,241 shares of the company’s stock after acquiring an additional 81,350 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Power Solutions International were worth $17,240,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Navellier & Associates Inc. increased its holdings in Power Solutions International by 58.6% in the fourth quarter. Navellier & Associates Inc. now owns 101,729 shares of the company’s stock valued at $5,813,000 after buying an additional 37,569 shares in the last quarter. Ruffer LLP purchased a new stake in shares of Power Solutions International during the 4th quarter worth approximately $2,178,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Power Solutions International in the 4th quarter worth approximately $5,898,000. ANTIPODES PARTNERS Ltd purchased a new position in Power Solutions International in the 4th quarter valued at approximately $13,052,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in Power Solutions International in the 4th quarter valued at approximately $1,800,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.

Power Solutions International Stock Up 23.6%

PSIX stock opened at $40.82 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.42 and a quick ratio of 1.81. Power Solutions International, Inc. has a 12 month low of $25.28 and a 12 month high of $121.78. The firm has a market capitalization of $940.90 million, a PE ratio of 13.84 and a beta of 2.01. The company’s 50 day simple moving average is $35.51 and its 200-day simple moving average is $56.62.

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

Wall Street Analyst Weigh In

A number of analysts have commented on PSIX shares. Freedom Capital downgraded Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings cut Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.95.

Power Solutions International 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.