Jacobs Levy Equity Management Inc. Lowers Stock Holdings in Powell Industries, Inc. (NASDAQ:POWL)

Jacobs Levy Equity Management Inc. sold all the shares of Powell Industries, Inc. (NASDAQ: POWL – Free Report) during the third quarter, as per the SEC filings. The institutional investor bought 60,067 shares of the industrial products company’s stock after selling 60,662 shares in the period. Jacobs Levy Equity Management Inc. has invested in Powell Industries, accounting for 0.5% of the company’s total stock market value as of the end of the reporting period.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management new holdings were purchased in the three months to the quarter ended 09/30/2019 at a total of $30,000. Quest Partners LLC acquired a new position in Powell Industries during the third quarter of the year ended 09/30/2019, valued at $35,000. Quest Partners LLC acquired a new position in Powell Industries during the third quarter valued at $35,000. Quest Partners LLC acquired a new position in Powell Industries during the third quarter valued at $35,000. The position of GAMMA Investing LLC in the shares of Powell Industries was increased by 79 shares to 286 shares in the second quarter of 2020. GAMMA Investing LLC now owns 286 shares of the industrial products company’s stock, which was bought at a total cost of $41,000 in the last quarter. Other large investors also recently sent their investments into the company. Picton Mahoney Asset Management purchased a new position in shares of Powell Industries during the second quarter of 2020, which was valued at approximately $47,000.

Farther Finance Advisors LLC increased its holdings in the shares of Powell Industries by 110.5% in the third quarter. The holdings of Farther Finance Advisors LLC were increased to 200 shares of the industrial products company’s stock which is now worth $44,000 from the previous zero shares that were bought during the course of the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of Powell Industries during the second quarter of 2020 and valued the investment at $47,000 as of the end of the period. Analysts have issued an average target price of $267.4 and a consensus recommendation of 1.67, indicating that Powell Industries’ stock is expected to decrease in the near future. The stock has a market capitalization of $3.51 Billion, its PE ratio stands at 23.74, PEG ratio of 1.40 and Beta of 0.85. Powell Industries Inc. has a 52 week low of $75.05 and a 52 week high of $364.98. The business’s 50-day moving average is 271. Their 200-day moving average is $201.34.

The firm also recently announced a quarterly dividend, that will be paid on December 18 to the shareholders. Investors in record on November 20 will be paid a $0.265 dividend. This ex-dividend date is set to Wednesday, November 20th. This amounts to an annualized dividend of $0.84 and a yield of 0.30%. The company’s payout ratio is presently 8.62%.

Separately, StockNews.com downgraded Powell Industries to “hold” from “buy” in a research note available on Saturday, November 23.

Read Our Latest Analysis on POWL

The insider, major shareholder, sold 5,000 shares of Powell Industries’s common stock on 4th of November, 2019, which was considered as the company’s stock transaction. The stock was sold at an average price of $347.74, for a total transaction of $1,738,700.00. After the sale, the insider now owns 677265 shares of the company’s stock which is valued at $235512131.10$. The trade was a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC which is open to the public through this link. There has been selling of company’s stock by insiders thus, 2.20% of the company’s stock has been sold by the insiders in the last three months.

Powell Industries, Inc. and its subsidiaries are engaged in the design, development, manufacture, sale, and servicing of custom engineered equipment and systems. The company’s principal products include integrated power control room substations, such as the customized engineered modules, electrical houses, medium voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as the conventional and arc resistant distribution switchgear and controlgear.

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