Powell Industries, Inc. (NASDAQ:POWL) Shares Acquired by Versor Investments LP

Versor Investments LP increased its position in shares of Powell Industries, Inc. (NASDAQ:POWL) by 48.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,355 shares of the industrial products company’s stock after buying an additional 1,094 shares during the quarter. Versor Investments LP’s holdings in Powell Industries were worth $745,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Powell Industries in the 2nd quarter valued at $1,403,000. Quadrature Capital Ltd purchased a new stake in shares of Powell Industries in the first quarter valued at about $1,927,000. Raymond James & Associates boosted its stake in shares of Powell Industries by 18.9% during the third quarter. Raymond James & Associates now owns 21,276 shares of the industrial products company’s stock worth $4,723,000 after buying an additional 3,385 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Powell Industries during the third quarter worth about $13,606,000. Finally, Virtu Financial LLC increased its position in Powell Industries by 198.8% in the 1st quarter. Virtu Financial LLC now owns 7,243 shares of the industrial products company’s stock valued at $1,031,000 after acquiring an additional 4,819 shares during the period. Institutional investors and hedge funds own 89.77% of the company’s stock.

Powell Industries Stock Performance

Shares of Powell Industries stock opened at $343.86 on Wednesday. The company has a market cap of $4.12 billion, a P/E ratio of 32.17, a PEG ratio of 1.99 and a beta of 0.86. The firm has a fifty day moving average of $239.08 and a two-hundred day moving average of $188.50. Powell Industries, Inc. has a one year low of $75.05 and a one year high of $364.98.

Powell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, November 20th. Powell Industries’s payout ratio is 9.92%.

Insider Activity

In related news, major shareholder Thomas W. Powell sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the transaction, the insider now owns 682,265 shares of the company’s stock, valued at $145,704,513.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director James W. Mcgill sold 6,600 shares of Powell Industries stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the completion of the transaction, the director now directly owns 9,660 shares of the company’s stock, valued at approximately $1,795,214.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 25,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total value of $5,339,000.00. Following the completion of the sale, the insider now directly owns 682,265 shares in the company, valued at $145,704,513.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,600 shares of company stock valued at $14,167,686 in the last three months. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Powell Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.