Rothschild Investment LLC Buys 245,697 Shares of PowerFleet, Inc. $AIOT

Rothschild Investment LLC boosted its stake in shares of PowerFleet, Inc. (NASDAQ:AIOT) by 122,848.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,897 shares of the company’s stock after buying an additional 245,697 shares during the period. Rothschild Investment LLC owned approximately 0.18% of PowerFleet worth $1,308,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. boosted its stake in PowerFleet by 635.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,398,305 shares of the company’s stock valued at $7,327,000 after purchasing an additional 1,208,252 shares during the last quarter. Private Management Group Inc. boosted its stake in PowerFleet by 6.6% during the 3rd quarter. Private Management Group Inc. now owns 5,208,278 shares of the company’s stock valued at $27,291,000 after purchasing an additional 324,127 shares during the last quarter. Royce & Associates LP boosted its stake in PowerFleet by 10.4% during the 3rd quarter. Royce & Associates LP now owns 4,311,875 shares of the company’s stock valued at $22,594,000 after purchasing an additional 404,540 shares during the last quarter. Bastion Asset Management Inc. purchased a new stake in PowerFleet during the 3rd quarter valued at $4,776,000. Finally, UBS Group AG boosted its stake in PowerFleet by 275.1% during the 4th quarter. UBS Group AG now owns 585,774 shares of the company’s stock valued at $3,116,000 after purchasing an additional 429,609 shares during the last quarter. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AIOT. Weiss Ratings reiterated a “hold (c-)” rating on shares of PowerFleet in a research note on Friday, May 8th. Barrington Research reiterated an “outperform” rating and set a $15.00 target price on shares of PowerFleet in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded PowerFleet from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.00.

PowerFleet Stock Performance

AIOT stock opened at $3.91 on Friday. The company has a market cap of $524.53 million, a P/E ratio of -17.00 and a beta of 1.38. PowerFleet, Inc. has a 1 year low of $2.78 and a 1 year high of $5.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.96. The stock’s fifty day moving average price is $3.22 and its 200-day moving average price is $4.18.

PowerFleet Profile

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.