Los Angeles Capital Management LLC Invests $119,000 in PowerFleet, Inc. $AIOT

Los Angeles Capital Management LLC bought a new stake in PowerFleet, Inc. (NASDAQ:AIOT) during the second quarter, Holdings Channel.com reports. The fund bought 27,500 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in PowerFleet in the first quarter valued at $62,000. Spire Wealth Management lifted its holdings in shares of PowerFleet by 39.6% in the 2nd quarter. Spire Wealth Management now owns 12,750 shares of the company’s stock valued at $55,000 after purchasing an additional 3,620 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of PowerFleet in the 1st quarter valued at about $78,000. Teacher Retirement System of Texas acquired a new stake in shares of PowerFleet in the 1st quarter valued at about $95,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in PowerFleet during the 1st quarter worth approximately $120,000. 73.40% of the stock is currently owned by institutional investors and hedge funds.

PowerFleet Price Performance

PowerFleet stock opened at $4.50 on Wednesday. PowerFleet, Inc. has a 12 month low of $3.70 and a 12 month high of $8.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.07 and a quick ratio of 0.92. The business has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $4.84. The stock has a market capitalization of $602.21 million, a PE ratio of -15.00 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, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $111.68 million for the quarter, compared to analyst estimates of $105.51 million. PowerFleet had a negative net margin of 9.95% and a negative return on equity of 8.56%. PowerFleet has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS. Equities analysts predict that PowerFleet, Inc. will post -0.32 earnings per share for the current year.

Analyst Ratings Changes

AIOT has been the subject of a number of research reports. Zacks Research upgraded PowerFleet from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PowerFleet in a report on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of PowerFleet in a research note on Tuesday, November 11th. Barrington Research reissued an “outperform” rating and set a $15.00 price objective on shares of PowerFleet in a research report on Friday, November 7th. Finally, Wall Street Zen cut shares of PowerFleet from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

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.