Dimensional Fund Advisors LP Has $24.21 Million Stake in Powell Industries, Inc. (POWL)
Dimensional Fund Advisors LP lifted its stake in Powell Industries, Inc. (NASDAQ:POWL) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 756,716 shares of the industrial products company’s stock after buying an additional 28,819 shares during the period. Dimensional Fund Advisors LP owned approximately 6.62% of Powell Industries worth $24,207,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its position in shares of Powell Industries by 15.8% in the second quarter. Parametric Portfolio Associates LLC now owns 18,066 shares of the industrial products company’s stock worth $578,000 after buying an additional 2,460 shares during the period. Vanguard Group Inc. boosted its position in shares of Powell Industries by 3.7% in the second quarter. Vanguard Group Inc. now owns 476,740 shares of the industrial products company’s stock worth $15,251,000 after buying an additional 17,107 shares during the period. Northern Trust Corp boosted its position in shares of Powell Industries by 3.9% in the second quarter. Northern Trust Corp now owns 134,010 shares of the industrial products company’s stock worth $4,288,000 after buying an additional 4,992 shares during the period. Nationwide Fund Advisors boosted its position in shares of Powell Industries by 11.1% in the second quarter. Nationwide Fund Advisors now owns 23,011 shares of the industrial products company’s stock worth $736,000 after buying an additional 2,300 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Powell Industries by 12.6% in the second quarter. Ameriprise Financial Inc. now owns 65,397 shares of the industrial products company’s stock valued at $2,091,000 after purchasing an additional 7,296 shares during the last quarter. 64.43% of the stock is owned by institutional investors.
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Separately, BidaskClub downgraded Powell Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.
Powell Industries, Inc. (NASDAQ POWL) opened at $28.42 on Monday. The company has a market capitalization of $324.80, a PE ratio of 135.33 and a beta of 0.86. Powell Industries, Inc. has a 1-year low of $26.76 and a 1-year high of $47.24.
Powell Industries (NASDAQ:POWL) last issued its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). The business had revenue of $85.90 million during the quarter, compared to analysts’ expectations of $104.45 million. Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The company’s revenue for the quarter was down 35.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS.
Powell Industries Company Profile
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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