Fiera Capital Corp Takes Position in PowerFleet, Inc. (NASDAQ:AIOT)

Fiera Capital Corp purchased a new stake in PowerFleet, Inc. (NASDAQ:AIOT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 128,000 shares of the company’s stock, valued at approximately $703,000. Fiera Capital Corp owned 0.10% of PowerFleet at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Private Capital Management LLC acquired a new stake in shares of PowerFleet in the 4th quarter valued at approximately $45,504,000. Vanguard Group Inc. acquired a new stake in shares of PowerFleet in the 4th quarter valued at approximately $43,134,000. AWM Investment Company Inc. acquired a new stake in shares of PowerFleet in the 4th quarter valued at approximately $31,000,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of PowerFleet in the 4th quarter valued at approximately $28,543,000. Finally, Private Management Group Inc. lifted its holdings in shares of PowerFleet by 8.7% in the 1st quarter. Private Management Group Inc. now owns 3,778,478 shares of the company’s stock valued at $20,744,000 after buying an additional 303,004 shares during the period. 73.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wall Street Zen raised PowerFleet from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Lake Street Capital set a $8.00 price target on PowerFleet and gave the company a “buy” rating in a report on Tuesday, May 27th. Raymond James Financial reduced their price objective on PowerFleet from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of PowerFleet in a report on Friday, June 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, PowerFleet currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.50.

PowerFleet Stock Performance

Shares of AIOT stock opened at $4.23 on Thursday. The stock has a fifty day moving average price of $4.55 and a 200 day moving average price of $5.44. The stock has a market cap of $564.16 million, a PE ratio of -9.84 and a beta of 1.32. PowerFleet, Inc. has a 1 year low of $3.70 and a 1 year high of $8.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.00 and a current ratio of 1.12.

PowerFleet Company Profile

PowerFleet, Inc engages in the provision of fleet management solutions for logistics, industrial, and vehicles. It offers wireless Internet of Things and machine to machine solutions for securing, controlling, tracking, and managing enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicle and truck fleets.