835,196 PowerFleet, Inc. $AIOT Shares Acquired by Private Management Group Inc.

Private Management Group Inc. raised its position in PowerFleet, Inc. (NASDAQ:AIOT) by 14.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,566,333 shares of the company’s stock after acquiring an additional 835,196 shares during the quarter. Private Management Group Inc. owned approximately 4.89% of PowerFleet worth $18,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of PowerFleet in the 2nd quarter valued at approximately $27,000. Royal Bank of Canada lifted its position in shares of PowerFleet by 76.9% during the 1st quarter. Royal Bank of Canada now owns 11,233 shares of the company’s stock worth $34,000 after purchasing an additional 4,883 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of PowerFleet during the 2nd quarter worth $48,000. Wedbush Securities Inc. acquired a new position in shares of PowerFleet during the third quarter worth $39,000. Finally, Bienville Capital Management LLC acquired a new position in shares of PowerFleet during the second quarter worth $54,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

Key PowerFleet News

Here are the key news stories impacting PowerFleet this week:

• Positive Sentiment: Fiscal Q2 revenue reached a record $115.7 million, up 4% sequentially, and exceeded analyst expectations of $114.9 million. EPS was $0.04 versus consensus for a $0.02 loss. PowerFleet Reports Results for Second Quarter Fiscal 2027
• Positive Sentiment: PowerFleet forecast fiscal 2026 revenue of $468 million–$473 million, well above the $442.3 million analyst consensus. Management also outlined a target of a $495 million annualized Q4 revenue run rate and a 27% adjusted EBITDA margin. PowerFleet targets Q4 revenue run rate and adjusted EBITDA margin
• Positive Sentiment: The company said Unity launches are expanding its pipeline, and it agreed to terms for a device-financing facility intended to support growth at scale. PowerFleet Reports Results for Second Quarter Fiscal 2027
• Negative Sentiment: Despite the EPS beat, PowerFleet still reported a negative net margin of 4.16%. One earnings analysis also highlighted a cash-flow concern, which could temper enthusiasm about the growth and margin targets. PowerFleet Q2 2027: Record Revenue, a 300% EPS Beat, and a Cash Flow Catch

PowerFleet Stock Up 3.7%

PowerFleet stock opened at $2.79 on Tuesday. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $3.46. PowerFleet, Inc. has a 1-year low of $2.29 and a 1-year high of $5.88. The company has a market cap of $374.50 million, a PE ratio of 142.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.10 and a quick ratio of 0.96.

PowerFleet (NASDAQ:AIOT) last released its quarterly earnings data on Monday, November 9th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. PowerFleet had a positive return on equity of 0.48% and a negative net margin of 4.16%. The firm had revenue of $115.72 million during the quarter, compared to analysts’ expectations of $114.89 million. During the same quarter in the prior year, the business posted ($0.02) earnings per share. On average, sell-side analysts predict that PowerFleet, Inc. will post 0.10 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Raymond James Financial lowered PowerFleet from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 11th. Craig Hallum reduced their target price on PowerFleet from $9.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Wall Street Zen cut shares of PowerFleet from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PowerFleet in a research note on Friday, September 11th. Finally, Barrington Research set a $10.00 target price on shares of PowerFleet in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.40.

PowerFleet Profile

Powerfleet, Inc provides connected-vehicle and asset-management solutions designed to help organizations monitor, manage and optimize mobile assets. Its platform combines Internet of Things (IoT) connectivity, telematics, location tracking and analytics to deliver visibility into vehicles, equipment, cargo and other assets.

The company’s products and services support fleet management, driver safety, vehicle and equipment utilization, maintenance, logistics and supply-chain operations. Powerfleet serves a range of industries, including transportation, logistics, commercial fleets, rental and leasing, construction, manufacturing and other organizations that rely on mobile assets.

Powerfleet has expanded its capabilities through acquisitions and business combinations, including its 2019 acquisition of Pointer Telocation and its 2024 combination with MiX Telematics.