UBS Group AG Has $3.12 Million Stock Holdings in PowerFleet, Inc. $AIOT

UBS Group AG lifted its holdings in PowerFleet, Inc. (NASDAQ:AIOT) by 275.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 585,774 shares of the company’s stock after buying an additional 429,609 shares during the period. UBS Group AG owned about 0.44% of PowerFleet worth $3,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of PowerFleet by 1.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 206,082 shares of the company’s stock worth $888,000 after buying an additional 2,871 shares during the period. First Dallas Securities Inc. boosted its position in shares of PowerFleet by 13.0% in the third quarter. First Dallas Securities Inc. now owns 43,500 shares of the company’s stock worth $228,000 after buying an additional 5,000 shares during the period. BNP Paribas Financial Markets boosted its position in shares of PowerFleet by 100.9% in the second quarter. BNP Paribas Financial Markets now owns 11,756 shares of the company’s stock worth $51,000 after buying an additional 5,904 shares during the period. Connors Investor Services Inc. boosted its position in shares of PowerFleet by 12.8% in the third quarter. Connors Investor Services Inc. now owns 53,000 shares of the company’s stock worth $278,000 after buying an additional 6,000 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in shares of PowerFleet in the third quarter worth $31,000. Institutional investors and hedge funds own 73.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AIOT shares. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 target price on shares of PowerFleet in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of PowerFleet in a research report on Friday, May 8th. Finally, Wall Street Zen raised PowerFleet from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.50.

PowerFleet Price Performance

AIOT opened at $3.41 on Tuesday. The stock has a market cap of $457.45 million, a price-to-earnings ratio of -14.83 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 current ratio of 1.09, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $3.17 and a 200 day moving average price of $4.21.

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.