Schwarz Dygos Wheeler Investment Advisors LLC Acquires 80,000 Shares of PowerFleet, Inc. $AIOT

Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in PowerFleet, Inc. (NASDAQ:AIOT) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 566,000 shares of the company’s stock after buying an additional 80,000 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.42% of PowerFleet worth $2,439,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas bought a new stake in shares of PowerFleet during the first quarter worth $95,000. Corebridge Financial Inc. grew its stake in PowerFleet by 4.3% in the 1st quarter. Corebridge Financial Inc. now owns 49,009 shares of the company’s stock worth $269,000 after acquiring an additional 2,036 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new position in shares of PowerFleet during the second quarter worth approximately $646,000. Goldman Sachs Group Inc. boosted its holdings in shares of PowerFleet by 15.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,045,424 shares of the company’s stock valued at $5,739,000 after purchasing an additional 138,856 shares during the period. Finally, Nuveen LLC bought a new position in PowerFleet in the first quarter worth approximately $5,233,000. Institutional investors own 73.40% of the company’s stock.

PowerFleet Stock Performance

Shares of AIOT stock opened at $4.99 on Friday. PowerFleet, Inc. has a 12-month low of $3.70 and a 12-month high of $8.71. The business’s fifty day simple moving average is $5.20 and its 200-day simple moving average is $4.86. The company has a current ratio of 1.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.51. The company has a market cap of $665.88 million, a PE ratio of -16.63 and a beta of 1.35.

PowerFleet (NASDAQ:AIOT) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. PowerFleet had a negative return on equity of 8.56% and a negative net margin of 9.95%.The firm had revenue of $111.68 million during the quarter, compared to analysts’ expectations of $105.51 million. PowerFleet has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS. Analysts expect that PowerFleet, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Activity at PowerFleet

In related news, Director Michael J. Mcconnell acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $4.64 per share, with a total value of $46,400.00. Following the transaction, the director directly owned 28,028 shares of the company’s stock, valued at $130,049.92. This trade represents a 55.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AIOT. Zacks Research raised PowerFleet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price target on shares of PowerFleet in a research report on Friday, November 7th. Wall Street Zen downgraded shares of PowerFleet from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PowerFleet in a research report on Wednesday, October 8th. Finally, William Blair reissued an “outperform” rating on shares of PowerFleet in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PowerFleet currently has an average rating of “Moderate Buy” and an average price target of $10.50.

PowerFleet 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.