Quantbot Technologies LP Invests $1.27 Million in Powell Industries, Inc. $POWL

Quantbot Technologies LP acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) during the second quarter, Holdings Channel.com reports. The firm acquired 4,431 shares of the industrial products company’s stock, valued at approximately $1,269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors acquired a new position in Powell Industries in the fourth quarter valued at approximately $20,704,000. Private Advisory Group LLC acquired a new stake in shares of Powell Industries during the 2nd quarter worth approximately $14,158,000. Voss Capital LP increased its stake in shares of Powell Industries by 18.6% in the 4th quarter. Voss Capital LP now owns 350,000 shares of the industrial products company’s stock valued at $111,573,000 after acquiring an additional 55,000 shares in the last quarter. GW&K Investment Management LLC boosted its stake in Powell Industries by 13.4% during the fourth quarter. GW&K Investment Management LLC now owns 254,520 shares of the industrial products company’s stock worth $81,137,000 after acquiring an additional 30,013 shares in the last quarter. Finally, Rock Creek Group LP grew its holdings in Powell Industries by 1,900.0% in the fourth quarter. Rock Creek Group LP now owns 150,000 shares of the industrial products company’s stock worth $47,817,000 after purchasing an additional 142,500 shares during the period. Institutional investors own 89.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Brett Alan Cope sold 4,440 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $241.55, for a total transaction of $1,072,482.00. Following the transaction, the chief executive officer directly owned 517,233 shares of the company’s stock, valued at $124,937,631.15. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael William Metcalf sold 4,500 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $284.64, for a total transaction of $1,280,880.00. Following the transaction, the executive vice president owned 78,900 shares in the company, valued at approximately $22,458,096. This trade represents a 5.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,898 shares of company stock valued at $12,353,653 in the last three months. 2.20% of the stock is currently owned by insiders.

Powell Industries Stock Up 0.6%

POWL stock opened at $190.19 on Wednesday. Powell Industries, Inc. has a twelve month low of $83.85 and a twelve month high of $328.00. The stock’s 50 day moving average is $235.21 and its 200-day moving average is $231.39. The firm has a market capitalization of $6.93 billion, a PE ratio of 36.50, a P/E/G ratio of 2.52 and a beta of 1.18.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a return on equity of 27.51% and a net margin of 16.49%.The company had revenue of $311.74 million for the quarter, compared to the consensus estimate of $316.70 million. During the same quarter last year, the company posted $3.96 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Powell Industries, Inc. will post 5.36 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Powell Industries’s payout ratio is currently 6.91%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on POWL. Cantor Fitzgerald dropped their price objective on shares of Powell Industries from $320.00 to $235.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Glj Research upgraded Powell Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Powell Industries from $310.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Zacks Research cut shares of Powell Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Powell Industries currently has an average rating of “Moderate Buy” and an average price target of $215.42.

Powell Industries Profile

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.