Forgent Power Solutions, Inc. $FPS Shares Purchased by Aire Advisors LLC

Aire Advisors LLC grew its stake in Forgent Power Solutions, Inc. (NYSE:FPS) by 45.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 79,900 shares of the company’s stock after buying an additional 24,900 shares during the quarter. Aire Advisors LLC’s holdings in Forgent Power Solutions were worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Kopp Family Office LLC increased its stake in shares of Forgent Power Solutions by 67.8% in the 3rd quarter. Kopp Family Office LLC now owns 10,240 shares of the company’s stock valued at $383,000 after purchasing an additional 4,136 shares in the last quarter. City State Bank purchased a new stake in shares of Forgent Power Solutions during the third quarter worth about $32,000. Pension & Wealth Management Advisors Inc. boosted its holdings in Forgent Power Solutions by 261.2% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 9,406 shares of the company’s stock worth $352,000 after buying an additional 6,802 shares during the last quarter. Fortitude Advisory Group L.L.C. acquired a new position in shares of Forgent Power Solutions during the third quarter valued at approximately $1,313,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Forgent Power Solutions by 177.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,900,452 shares of the company’s stock worth $71,153,000 after purchasing an additional 1,216,571 shares in the last quarter.

Forgent Power Solutions Trading Up 4.9%

Shares of FPS stock opened at $31.71 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.54. Forgent Power Solutions, Inc. has a fifty-two week low of $25.95 and a fifty-two week high of $66.00. The stock has a market capitalization of $9.65 billion and a P/E ratio of 81.31. The company has a 50 day moving average price of $34.74 and a 200 day moving average price of $40.89.

Forgent Power Solutions (NYSE:FPS) last released its earnings results on Tuesday, September 15th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $461.67 million during the quarter. Forgent Power Solutions had a return on equity of 24.59% and a net margin of 5.76%. Forgent Power Solutions’s revenue for the quarter was up 94.3% on a year-over-year basis. Forgent Power Solutions has set its FY 2027 guidance at 1.260-1.400 EPS. Equities research analysts predict that Forgent Power Solutions, Inc. will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on FPS. Wolfe Research reissued an “outperform” rating and issued a $60.00 price target on shares of Forgent Power Solutions in a research note on Thursday, July 9th. JPMorgan Chase & Co. cut their target price on Forgent Power Solutions from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Sanford C. Bernstein initiated coverage on shares of Forgent Power Solutions in a research report on Friday, October 2nd. They set an “outperform” rating and a $48.00 price objective for the company. Wells Fargo & Company assumed coverage on Forgent Power Solutions in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $44.00 price objective for the company. Finally, Weiss Ratings downgraded Forgent Power Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Forgent Power Solutions currently has an average rating of “Moderate Buy” and an average target price of $55.64.

Forgent Power Solutions Company Profile

Forgent Power Solutions, Inc is a North American provider of equipment and services used in electrical power distribution. The company supports utilities, commercial and industrial customers, renewable-energy projects, data centers, and other infrastructure operators that require reliable systems for managing and distributing electricity.

Its offerings include power transformers, switchgear, substations, and related electrical distribution equipment. Forgent also provides engineering, field services, maintenance, repair, and other support intended to help customers install, operate, and extend the useful life of critical power infrastructure.

The company serves customers across the United States and Canada through its manufacturing, distribution, and service operations.