Fiera Capital Corp Sells 1,100 Shares of Powell Industries, Inc. (NASDAQ:POWL)

Fiera Capital Corp decreased its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 47.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,200 shares of the industrial products company’s stock after selling 1,100 shares during the period. Fiera Capital Corp’s holdings in Powell Industries were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Powell Industries by 93.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,838 shares of the industrial products company’s stock worth $675,000 after acquiring an additional 1,858 shares during the last quarter. Principal Financial Group Inc. increased its stake in Powell Industries by 2.8% in the first quarter. Principal Financial Group Inc. now owns 55,568 shares of the industrial products company’s stock worth $9,465,000 after purchasing an additional 1,509 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Powell Industries by 11.4% during the first quarter. Vontobel Holding Ltd. now owns 1,337 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 137 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Powell Industries by 29.8% during the first quarter. GAMMA Investing LLC now owns 601 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 138 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Powell Industries by 17.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,938 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael William Metcalf sold 3,921 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $210.55, for a total value of $825,566.55. Following the completion of the sale, the executive vice president directly owned 28,900 shares of the company’s stock, valued at $6,084,895. This represents a 11.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Alan Cope sold 6,775 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $210.55, for a total transaction of $1,426,476.25. Following the transaction, the chief executive officer owned 147,471 shares in the company, valued at approximately $31,050,019.05. The trade was a 4.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,308 shares of company stock valued at $3,574,755. 2.20% of the stock is currently owned by corporate insiders.

Powell Industries Price Performance

POWL stock opened at $237.10 on Friday. Powell Industries, Inc. has a 12 month low of $143.00 and a 12 month high of $364.98. The firm’s 50-day moving average is $202.56 and its 200 day moving average is $197.26. The company has a market capitalization of $2.86 billion, a PE ratio of 16.66, a P/E/G ratio of 1.16 and a beta of 0.77.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, May 6th. The industrial products company reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.47. The business had revenue of $278.63 million for the quarter, compared to the consensus estimate of $282.68 million. Powell Industries had a net margin of 16.00% and a return on equity of 35.43%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 EPS. Sell-side analysts forecast that Powell Industries, Inc. will post 13.71 EPS for the current fiscal year.

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, May 21st. Powell Industries’s dividend payout ratio (DPR) is presently 7.52%.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.