Powell Industries, Inc. (NASDAQ:POWL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) by 44.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,718 shares of the industrial products company's stock after selling 2,205 shares during the quarter. Nisa Investment Advisors LLC's holdings in Powell Industries were worth $603,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of POWL. Transform Wealth LLC lifted its holdings in shares of Powell Industries by 25,920.5% during the second quarter. Transform Wealth LLC now owns 1,674,162 shares of the industrial products company's stock valued at $240,075,000 after purchasing an additional 1,667,728 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Powell Industries by 2.7% during the first quarter. Vanguard Group Inc. now owns 656,428 shares of the industrial products company's stock valued at $93,410,000 after purchasing an additional 17,177 shares during the last quarter. American Century Companies Inc. raised its holdings in Powell Industries by 15.0% in the 2nd quarter. American Century Companies Inc. now owns 274,388 shares of the industrial products company's stock worth $39,347,000 after acquiring an additional 35,818 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Powell Industries by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,517 shares of the industrial products company's stock worth $14,271,000 after acquiring an additional 1,015 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Powell Industries during the 2nd quarter valued at $11,658,000. 89.77% of the stock is owned by institutional investors.

Powell Industries Stock Performance

Shares of POWL stock traded up $24.07 during mid-day trading on Tuesday, reaching $292.92. 255,356 shares of the company's stock traded hands, compared to its average volume of 368,017. Powell Industries, Inc. has a 12 month low of $75.05 and a 12 month high of $295.90. The firm has a 50 day moving average price of $218.59 and a two-hundred day moving average price of $180.28. The firm has a market capitalization of $3.51 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86.

Insider Buying and Selling

In related news, CEO Brett Alan Cope sold 2,750 shares of the company's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $162.42, for a total value of $446,655.00. Following the completion of the transaction, the chief executive officer now owns 145,987 shares of the company's stock, valued at approximately $23,711,208.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Powell Industries news, Director James W. Mcgill sold 6,600 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total value of $1,226,544.00. Following the sale, the director now owns 9,660 shares in the company, valued at $1,795,214.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Alan Cope sold 2,750 shares of the business's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $162.42, for a total transaction of $446,655.00. Following the completion of the sale, the chief executive officer now owns 145,987 shares in the company, valued at approximately $23,711,208.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,350 shares of company stock valued at $14,614,341. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Powell Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd.

Powell Industries 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.