10,656 Shares in Powell Industries, Inc. (NASDAQ:POWL) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Powell Industries, Inc. (NASDAQ:POWL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,656 shares of the industrial products company’s stock, valued at approximately $2,366,000. World Investment Advisors LLC owned approximately 0.09% of Powell Industries at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Covestor Ltd raised its stake in Powell Industries by 21.8% in the third quarter. Covestor Ltd now owns 229 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 41 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in Powell Industries by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 7,711 shares of the industrial products company’s stock valued at $1,712,000 after buying an additional 60 shares during the period. Farther Finance Advisors LLC raised its position in shares of Powell Industries by 110.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company’s stock valued at $44,000 after buying an additional 105 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Powell Industries by 7.1% during the 3rd quarter. Diversified Trust Co now owns 1,733 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 115 shares during the period. Finally, KBC Group NV boosted its position in shares of Powell Industries by 64.3% during the 3rd quarter. KBC Group NV now owns 322 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 126 shares in the last quarter. 89.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

POWL has been the subject of several research analyst reports. Roth Mkm started coverage on shares of Powell Industries in a research report on Wednesday. They set a “buy” rating and a $312.00 price objective for the company. StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Finally, Roth Capital raised Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th.

Insider Activity

In other Powell Industries news, major shareholder Thomas W. Powell sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $246.14, for a total value of $2,461,400.00. Following the completion of the transaction, the insider now directly owns 1,658,328 shares in the company, valued at approximately $408,180,853.92. This represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 60,000 shares of company stock valued at $14,679,842. 2.20% of the stock is currently owned by corporate insiders.

Powell Industries Stock Performance

Shares of NASDAQ:POWL opened at $252.00 on Friday. Powell Industries, Inc. has a 52-week low of $76.29 and a 52-week high of $364.98. The company has a market capitalization of $3.03 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.37 and a beta of 0.85. The company has a fifty day moving average of $277.93 and a 200-day moving average of $205.54.

Powell Industries Announces Dividend

The company 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 $0.265 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.06 annualized dividend and a yield of 0.42%. Powell Industries’s dividend payout ratio is presently 8.62%.

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.