Universal Beteiligungs und Servicegesellschaft mbH Sells 1,892 Shares of Powell Industries, Inc. $POWL

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in Powell Industries, Inc. (NASDAQ:POWL) by 15.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,744 shares of the industrial products company’s stock after selling 1,892 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Powell Industries worth $3,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of Powell Industries by 31.7% in the 2nd quarter. First Trust Advisors LP now owns 371,016 shares of the industrial products company’s stock worth $78,080,000 after buying an additional 89,407 shares during the last quarter. State Street Corp boosted its stake in Powell Industries by 0.9% in the second quarter. State Street Corp now owns 352,103 shares of the industrial products company’s stock valued at $74,100,000 after acquiring an additional 3,159 shares in the last quarter. Invesco Ltd. grew its holdings in Powell Industries by 23.2% in the second quarter. Invesco Ltd. now owns 340,008 shares of the industrial products company’s stock worth $71,555,000 after purchasing an additional 64,029 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Powell Industries by 2.5% during the second quarter. Geode Capital Management LLC now owns 237,715 shares of the industrial products company’s stock worth $50,033,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Ophir Asset Management Pty Ltd lifted its holdings in shares of Powell Industries by 71.3% during the 2nd quarter. Ophir Asset Management Pty Ltd now owns 185,127 shares of the industrial products company’s stock valued at $42,696,000 after purchasing an additional 77,031 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Powell Industries news, VP William Marshall Mauney, Jr. sold 3,000 shares of Powell Industries stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $331.73, for a total transaction of $995,190.00. Following the completion of the transaction, the vice president owned 4,451 shares in the company, valued at approximately $1,476,530.23. This trade represents a 40.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

Powell Industries Stock Up 0.3%

Powell Industries stock opened at $443.44 on Thursday. The stock has a 50-day moving average price of $355.37 and a 200 day moving average price of $314.40. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. Powell Industries, Inc. has a 52 week low of $146.02 and a 52 week high of $455.85.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, November 18th. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.46. The company had revenue of $297.98 million during the quarter, compared to analyst estimates of $292.85 million. Powell Industries had a net margin of 16.37% and a return on equity of 31.80%. Powell Industries’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $3.77 EPS. Research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, November 19th were issued a $0.2675 dividend. This represents a $1.07 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, November 19th. Powell Industries’s dividend payout ratio is presently 7.21%.

Analyst Upgrades and Downgrades

POWL has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and set a $350.00 target price on shares of Powell Industries in a research note on Wednesday, November 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Powell Industries in a report on Monday, December 29th. Cantor Fitzgerald started coverage on shares of Powell Industries in a research report on Friday, January 23rd. They issued a “neutral” rating and a $427.00 price objective for the company. Finally, Wall Street Zen cut shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Powell Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.50.

About Powell Industries

Powell Industries, Inc is an industrial electrical engineering company specializing in the design, manufacture and integration of customized power control and distribution solutions. The firm’s offerings range from medium‐voltage switchgear and power control centers to bus duct, motor control centers and specialty transformers. Powell also provides automation systems, protective relaying, metering, supervisory control and data acquisition (SCADA) platforms, and turnkey engineering services to help clients manage critical power infrastructure.

Serving the oil and gas, petrochemical, refining, utility, mining and industrial sectors, Powell’s products are engineered to meet demanding performance, safety and reliability requirements.