Blair William & Co. IL Acquires New Holdings in Powerfleet, Inc. (NASDAQ:AIOT)

Blair William & Co. IL bought a new position in shares of Powerfleet, Inc. (NASDAQ:AIOT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 508,920 shares of the company’s stock, valued at approximately $3,389,000. Blair William & Co. IL owned about 0.38% of Powerfleet at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Powerfleet during the 4th quarter worth approximately $25,000. Financial Management Professionals Inc. purchased a new position in Powerfleet during the fourth quarter worth $50,000. Spire Wealth Management acquired a new position in shares of Powerfleet in the fourth quarter worth $55,000. Private Advisor Group LLC purchased a new stake in shares of Powerfleet in the fourth quarter valued at $68,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Powerfleet during the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 73.40% of the company’s stock.

Powerfleet Stock Down 1.8 %

Shares of NASDAQ:AIOT opened at $5.49 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.21 and a quick ratio of 1.02. The stock’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $6.12. Powerfleet, Inc. has a 12-month low of $3.99 and a 12-month high of $8.71.

Powerfleet (NASDAQ:AIOT) last released its earnings results on Monday, February 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). As a group, equities analysts expect that Powerfleet, Inc. will post -0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIOT. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Powerfleet in a research note on Thursday, February 13th. Northland Securities upped their price objective on shares of Powerfleet from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, Lake Street Capital lifted their target price on shares of Powerfleet from $7.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th.

Powerfleet Company Profile

PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.