18,660 Shares in Power Solutions International, Inc. $PSIX Purchased by Westbourne Investments Inc.

Westbourne Investments Inc. acquired a new stake in Power Solutions International, Inc. (NASDAQ:PSIX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,660 shares of the company’s stock, valued at approximately $1,833,000.

A number of other large investors also recently made changes to their positions in PSIX. Federated Hermes Inc. purchased a new position in shares of Power Solutions International during the 3rd quarter worth $26,000. California State Teachers Retirement System purchased a new stake in shares of Power Solutions International in the second quarter valued at $26,000. Ameritas Investment Partners Inc. acquired a new position in Power Solutions International in the second quarter valued at $43,000. Twin Peaks Wealth Advisors LLC purchased a new position in Power Solutions International during the second quarter worth about $52,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Power Solutions International during the second quarter worth about $53,000. Hedge funds and other institutional investors own 22.28% of the company’s stock.

Power Solutions International Stock Down 3.4%

Shares of NASDAQ:PSIX opened at $83.52 on Wednesday. The stock has a 50-day simple moving average of $68.95 and a 200-day simple moving average of $78.50. The stock has a market capitalization of $1.92 billion, a P/E ratio of 15.88 and a beta of 2.11. Power Solutions International, Inc. has a 1 year low of $18.10 and a 1 year high of $121.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.28.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PSIX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Power Solutions International in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Power Solutions International from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Jefferies Financial Group began coverage on shares of Power Solutions International in a research note on Monday, December 1st. They set a “buy” rating and a $110.51 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Power Solutions International has a consensus rating of “Moderate Buy” and an average price target of $101.51.

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.