Private Management Group Inc. Purchases 218,615 Shares of PowerFleet, Inc. $AIOT

Posted by on Aug 30th, 2026

Private Management Group Inc. boosted its position in shares of PowerFleet, Inc. (NASDAQ:AIOT – Free Report) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,731,137 shares of the company’s stock after acquiring an additional 218,615 shares during the period. Private Management Group Inc. owned 4.27% of PowerFleet worth $21,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIOT. BlackRock Inc. purchased a new stake in PowerFleet in the 2nd quarter worth approximately $39,489,000. AWM Investment Company Inc. bought a new position in shares of PowerFleet in the second quarter worth $14,709,000. Wasatch Advisors LP bought a new position in shares of PowerFleet in the second quarter worth $6,426,000. Kennedy Capital Management LLC raised its position in shares of PowerFleet by 292.3% in the fourth quarter. Kennedy Capital Management LLC now owns 1,970,918 shares of the company’s stock worth $10,485,000 after buying an additional 1,468,573 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of PowerFleet by 1,644.7% in the first quarter. Renaissance Technologies LLC now owns 1,530,725 shares of the company’s stock worth $4,715,000 after buying an additional 1,442,989 shares in the last quarter. Institutional investors own 73.40% of the company’s stock.

PowerFleet Stock Up 1.7%

AIOT opened at $3.05 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $3.77 and its 200 day simple moving average is $3.57. PowerFleet, Inc. has a 52 week low of $2.78 and a 52 week high of $5.88. The stock has a market cap of $409.40 million, a PE ratio of -21.78 and a beta of 1.43.

PowerFleet (NASDAQ:AIOT – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $110.79 million during the quarter, compared to analysts’ expectations of $115.54 million. PowerFleet had a positive return on equity of 0.48% and a negative net margin of 4.16%. As a group, research analysts expect that PowerFleet, Inc. will post 0.1 earnings per share for the current fiscal year.

PowerFleet announced that its Board of Directors has initiated a share buyback plan on Tuesday, June 30th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently commented on AIOT. Raymond James Financial cut PowerFleet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 11th. Craig Hallum lowered their price target on PowerFleet from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen downgraded PowerFleet from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Northland Securities set a $7.00 price objective on PowerFleet in a report on Tuesday, August 11th. Finally, Barrington Research set a $10.00 price objective on shares of PowerFleet in a research report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.40.

Get Our Latest Stock Report on PowerFleet

PowerFleet Profile

(Free Report)

PowerFleet, Inc (NASDAQ: AIOT) develops and delivers Internet of Things (IoT)–based telematics and asset-tracking solutions designed to help businesses monitor, manage and optimize fleets of vehicles and industrial equipment. Its core offerings include wireless sensors, GPS tracking devices and cloud-hosted software platforms that provide real-time visibility into vehicle whereabouts, usage patterns, fuel consumption and maintenance needs. The company’s systems also support regulatory compliance and safety monitoring, enabling customers to reduce operational costs, minimize theft and improve overall asset utilization.

The company’s hardware portfolio features RFID readers, active and passive tags, onboard diagnostics (OBD) adapters and temperature or motion sensors that can be deployed on trucks, trailers, forklifts, containers and other high-value assets.

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Institutional Ownership by Quarter for PowerFleet (NASDAQ:AIOT)

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