Samjo Management LLC Raises Position in PowerFleet, Inc. $AIOT

Samjo Management LLC boosted its stake in PowerFleet, Inc. (NASDAQ:AIOT) by 6.1% in the second quarter, HoldingsChannel reports. The firm owned 2,229,550 shares of the company’s stock after acquiring an additional 127,350 shares during the period. PowerFleet makes up approximately 4.1% of Samjo Management LLC’s holdings, making the stock its 6th largest holding. Samjo Management LLC’s holdings in PowerFleet were worth $9,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AIOT. Spire Wealth Management grew its holdings in shares of PowerFleet by 39.6% in the second quarter. Spire Wealth Management now owns 12,750 shares of the company’s stock worth $55,000 after acquiring an additional 3,620 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of PowerFleet by 43.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,692 shares of the company’s stock valued at $55,000 after purchasing an additional 3,826 shares during the period. Virtu Financial LLC purchased a new stake in shares of PowerFleet during the 1st quarter valued at about $62,000. Prudential Financial Inc. bought a new position in shares of PowerFleet in the 2nd quarter worth approximately $65,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of PowerFleet in the 1st quarter worth approximately $78,000. 73.40% of the stock is owned by institutional investors.

PowerFleet Stock Up 1.3%

Shares of AIOT stock opened at $5.07 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.07 and a quick ratio of 0.92. PowerFleet, Inc. has a one year low of $3.70 and a one year high of $8.71. The company’s fifty day moving average price is $5.08 and its 200-day moving average price is $4.80. The company has a market capitalization of $677.82 million, a price-to-earnings ratio of -16.88 and a beta of 1.35.

PowerFleet (NASDAQ:AIOT) last issued its earnings results on Monday, November 10th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. PowerFleet had a negative net margin of 9.95% and a negative return on equity of 8.56%. The company had revenue of $111.68 million during the quarter, compared to the consensus estimate of $105.51 million. PowerFleet has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts expect that PowerFleet, Inc. will post -0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on AIOT shares. Zacks Research raised shares of PowerFleet from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings restated a “sell (d-)” rating on shares of PowerFleet in a research note on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and set a $15.00 target price on shares of PowerFleet in a research report on Wednesday, November 26th. William Blair reissued an “outperform” rating on shares of PowerFleet in a report on Tuesday, November 11th. Finally, Wall Street Zen downgraded PowerFleet from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PowerFleet presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

PowerFleet 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.