Rothschild Investment LLC Grows Position in PowerFleet, Inc. $AIOT

Rothschild Investment LLC boosted its stake in shares of PowerFleet, Inc. (NASDAQ:AIOT) by 122,848.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 245,897 shares of the company’s stock after purchasing an additional 245,697 shares during the period. Rothschild Investment LLC’s holdings in PowerFleet were worth $1,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Intech Investment Management LLC lifted its position in PowerFleet by 14.2% during the fourth quarter. Intech Investment Management LLC now owns 71,591 shares of the company’s stock valued at $381,000 after purchasing an additional 8,882 shares in the last quarter. Royce & Associates LP lifted its position in PowerFleet by 3.7% during the fourth quarter. Royce & Associates LP now owns 4,471,131 shares of the company’s stock valued at $23,786,000 after purchasing an additional 159,256 shares in the last quarter. Connors Investor Services Inc. lifted its position in PowerFleet by 5.7% during the fourth quarter. Connors Investor Services Inc. now owns 56,000 shares of the company’s stock valued at $298,000 after purchasing an additional 3,000 shares in the last quarter. Bastion Asset Management Inc. lifted its position in PowerFleet by 78.4% during the fourth quarter. Bastion Asset Management Inc. now owns 1,712,883 shares of the company’s stock valued at $8,853,000 after purchasing an additional 752,782 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in PowerFleet by 56.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,182,810 shares of the company’s stock valued at $11,613,000 after purchasing an additional 784,505 shares in the last quarter. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

PowerFleet Stock Up 8.3%

Shares of AIOT opened at $3.91 on Friday. The business’s 50 day moving average is $3.22 and its 200 day moving average is $4.18. The company has a market capitalization of $524.53 million, a PE ratio of -17.00 and a beta of 1.38. PowerFleet, Inc. has a 12-month low of $2.78 and a 12-month high of $5.88. The company has a current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Analyst Upgrades and Downgrades

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

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.