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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in shares of PowerFleet in the fourth quarter worth about $69,000. Round Rock Advisors LLC lifted its position in shares of PowerFleet by 65.0% in the fourth quarter. Round Rock Advisors LLC now owns 72,518 shares of the company’s stock worth $386,000 after buying an additional 28,566 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of PowerFleet in the fourth quarter worth about $58,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of PowerFleet in the fourth quarter worth about $90,000. Finally, Brookwood Investment Group LLC lifted its position in shares of PowerFleet by 176.2% in the fourth quarter. Brookwood Investment Group LLC now owns 31,265 shares of the company’s stock worth $166,000 after buying an additional 19,947 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

PowerFleet Stock Performance

PowerFleet stock opened at $3.41 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.09. The business’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $4.21. The firm has a market capitalization of $457.45 million, a PE ratio of -14.83 and a beta of 1.38. PowerFleet, Inc. has a 52 week low of $2.78 and a 52 week high of $5.88.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen raised PowerFleet from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PowerFleet in a research report on Friday, May 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price target on shares of PowerFleet in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, PowerFleet has an average rating of “Moderate Buy” and an average price target of $11.50.

About PowerFleet

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.