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

Fiera Capital Corp cut its stake in Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 47.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in POWL. Demars Financial Group LLC acquired a new position in shares of Powell Industries during the 1st quarter worth $58,692,000. GW&K Investment Management LLC acquired a new position in shares of Powell Industries during the 1st quarter worth $27,984,000. Invesco Ltd. raised its holdings in shares of Powell Industries by 134.0% during the 4th quarter. Invesco Ltd. now owns 265,139 shares of the industrial products company's stock worth $58,768,000 after buying an additional 151,850 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Powell Industries by 22,009.7% during the 1st quarter. GAMMA Investing LLC now owns 102,368 shares of the industrial products company's stock worth $17,436,000 after buying an additional 101,905 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Powell Industries during the 4th quarter worth $22,556,000. 89.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Brett Alan Cope sold 6,775 shares of the firm's 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 completion of the transaction, the chief executive officer directly owned 147,471 shares in the company, valued at $31,050,019.05. This trade represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael William Metcalf sold 3,921 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $210.55, for a total value of $825,566.55. Following the transaction, the executive vice president owned 28,900 shares of the company's stock, valued at $6,084,895. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,308 shares of company stock worth $3,574,755 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Powell Industries Price Performance

POWL stock traded down $9.44 during midday trading on Friday, reaching $227.66. 397,717 shares of the stock were exchanged, compared to its average volume of 244,685. The stock has a market capitalization of $2.75 billion, a PE ratio of 16.00, a P/E/G ratio of 1.20 and a beta of 0.77. Powell Industries, Inc. has a 52 week low of $143.00 and a 52 week high of $364.98. The company has a fifty day moving average price of $203.62 and a 200 day moving average price of $197.19.

Powell Industries (NASDAQ:POWL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $3.81 earnings per share 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 analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.43% and a net margin of 16.00%. Powell Industries's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. As a group, analysts anticipate that Powell Industries, Inc. will post 13.71 earnings per share for the current fiscal year.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, May 21st were given a dividend of $0.2675 per share. The ex-dividend date was Wednesday, May 21st. This represents a $1.07 dividend on an annualized basis and a yield of 0.5%. Powell Industries's payout ratio is currently 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.