AQR Capital Management LLC Buys 8,216 Shares of Powell Industries, Inc. (NASDAQ:POWL)

AQR Capital Management LLC lifted its position in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,314 shares of the industrial products company's stock after purchasing an additional 8,216 shares during the quarter. AQR Capital Management LLC owned about 0.52% of Powell Industries worth $13,812,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in POWL. Principal Securities Inc. bought a new stake in Powell Industries in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its stake in Powell Industries by 455.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 161 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 132 shares in the last quarter. GeoWealth Management LLC lifted its position in Powell Industries by 123.8% during the fourth quarter. GeoWealth Management LLC now owns 179 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of Powell Industries in the 4th quarter worth $40,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Powell Industries in the 4th quarter worth about $43,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Down 0.7 %

NASDAQ POWL opened at $191.96 on Tuesday. Powell Industries, Inc. has a 52 week low of $127.01 and a 52 week high of $364.98. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.98 and a beta of 0.78. The company has a fifty day moving average of $174.39 and a two-hundred day moving average of $226.02.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The industrial products company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.83 by $0.03. Powell Industries had a net margin of 15.15% and a return on equity of 35.48%. Equities research analysts anticipate that Powell Industries, Inc. will post 13.71 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th.

About Powell Industries

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.

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