Institutional Investors Are Dumping Powell Industries Inc (NASDAQ:POWL)

June 13, 2018 - By Dolores Ford

Powell Industries, Inc. (NASDAQ:POWL) Logo

Sentiment for Powell Industries Inc (NASDAQ:POWL)

Powell Industries Inc (NASDAQ:POWL) institutional sentiment decreased to 1.07 in Q1 2018. Its down -0.27, from 1.34 in 2017Q4. The ratio has dropped, as 44 investment managers opened new and increased positions, while 41 decreased and sold positions in Powell Industries Inc. The investment managers in our partner’s database now possess: 7.39 million shares, up from 7.26 million shares in 2017Q4. Also, the number of investment managers holding Powell Industries Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 31 Increased: 28 New Position: 16.

Powell Industries, Inc., together with its subsidiaries, designs, develops, makes, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company has market cap of $410.44 million. The companyÂ’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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears. It currently has negative earnings. The Company’s products have application in voltages ranging from 480 volts to 38,000 volts; and are used in gas and oil refining, offshore gas and oil production, petrochemical, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets.

The stock increased 0.11% or $0.04 during the last trading session, reaching $35.8. About 35,570 shares traded. Powell Industries, Inc. (NASDAQ:POWL) has risen 3.42% since June 13, 2017 and is uptrending. It has underperformed by 9.15% the S&P500.

Harvey Partners Llc holds 3.08% of its portfolio in Powell Industries, Inc. for 77,500 shares. Heartland Advisors Inc owns 554,303 shares or 1% of their US portfolio. Moreover, Van Den Berg Management I Inc has 0.83% invested in the company for 255,004 shares. The Connecticut-based Prospector Partners Llc has invested 0.43% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 391,865 shares.

Another recent and important Powell Industries, Inc. (NASDAQ:POWL) news was published by Gurufocus.com which published an article titled: “Arnold Van Den Berg Picks Up 4 Stocks in 1st Quarter” on June 07, 2018.

Powell Industries, Inc. (NASDAQ:POWL) Institutional Positions Chart

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