The Applied Industrial Technologies (AIT) Shares Sold by Public Employees Retirement Association of Colorado

The Applied Industrial Technologies (AIT) Shares Sold by Public Employees Retirement Association of Colorado

A number of other large investors also recently bought and sold shares of AIT. Bayesian Capital Management LP bought a new stake in Applied Industrial Technologies during the fourth quarter worth approximately $372,000. Dynamic Technology Lab Private Ltd bought a new stake in Applied Industrial Technologies during the fourth quarter worth approximately $455,000. Fiduciary Management Inc. WI increased its stake in Applied Industrial Technologies by 2.6% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,515,304 shares of the industrial products company’s stock worth $90,009,000 after buying an additional 39,004 shares during the period. Trexquant Investment LP bought a new stake in Applied Industrial Technologies during the fourth quarter worth approximately $445,000. Finally, FMR LLC increased its stake in Applied Industrial Technologies by 1.6% in the fourth quarter. FMR LLC now owns 443,653 shares of the industrial products company’s stock worth $26,353,000 after buying an additional 7,006 shares during the period. 89.31% of the stock is owned by institutional investors and hedge funds.

Public Employees Retirement Association of Colorado reduced its position in Applied Industrial Technologies (NYSE:AIT) by 5.4% during the first quarter, Holdings Channel reports. The firm owned 7,671 shares of the industrial products company’s stock after selling 438 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Applied Industrial Technologies were worth $474,000 as of its most recent filing with the SEC.

Shares of Applied Industrial Technologies (NYSE AIT) opened at 63.90 on Monday. Applied Industrial Technologies has a 12 month low of $42.86 and a 12 month high of $69.00. The company has a market cap of $2.49 billion, a P/E ratio of 23.46 and a beta of 0.89. The stock’s 50 day moving average is $62.17 and its 200-day moving average is $61.40.

Applied Industrial Technologies (NYSE:AIT) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.12. The firm had revenue of $679.30 million for the quarter, compared to analyst estimates of $637.30 million. Applied Industrial Technologies had a net margin of 1.31% and a return on equity of 15.34%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts forecast that Applied Industrial Technologies will post $2.83 EPS for the current year.

Separately, Zacks Investment Research downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Applied Industrial Technologies Company Profile

Applied Industrial Technologies, Inc is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and operations (MRO), and original equipment manufacturing customers in various industries. In addition, the Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AIT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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