Applied Industrial Technologies, Inc. (AIT) Is At $73.50 Formed Wedge; NBG Radio Network Has 1.29 Sentiment

Applied Industrial Technologies, Inc. (NYSE:AIT) Logo

NBG Radio Network Inc (VVR) investors sentiment decreased to 1.29 in 2017 Q4. It’s down -0.03, from 1.32 in 2017Q3. The ratio is negative, as 40 active investment managers increased or started new stock positions, while 31 sold and decreased their stakes in NBG Radio Network Inc. The active investment managers in our database now own: 55.13 million shares, up from 51.97 million shares in 2017Q3. Also, the number of active investment managers holding NBG Radio Network Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 24 Increased: 23 New Position: 17.

Applied Industrial Technologies, Inc. (AIT) formed wedge up with $77.18 target or 5.00% above today’s $73.50 share price. Applied Industrial Technologies, Inc. (AIT) has $2.84 billion valuation. The stock increased 0.34% or $0.25 during the last trading session, reaching $73.5. About 21,295 shares traded. Applied Industrial Technologies, Inc. (NYSE:AIT) has risen 19.34% since April 17, 2017 and is uptrending. It has outperformed by 7.79% the S&P500.

Restructuring Capital Associates Lp holds 12.54% of its portfolio in Invesco Senior Income Trust for 4.55 million shares. Rivernorth Capital Management Llc owns 6.20 million shares or 1.89% of their US portfolio. Moreover, Camelot Portfolios Llc has 1.37% invested in the company for 660,318 shares. The Michigan-based Financial & Investment Management Group Ltd has invested 1.29% in the stock. Meridian Investment Counsel Inc., a California-based fund reported 233,884 shares.

The stock increased 0.53% or $0.023 during the last trading session, reaching $4.424. About 94,027 shares traded. Invesco Senior Income Trust (VVR) has declined 5.77% since April 17, 2017 and is downtrending. It has underperformed by 17.32% the S&P500.

Among 4 analysts covering Applied Industrial Technologies (NYSE:AIT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Applied Industrial Technologies had 8 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Applied Industrial Technologies, Inc. (NYSE:AIT) has “Sector Weight” rating given on Tuesday, July 21 by KeyBanc Capital Markets. The firm has “Market Perform” rating by Avondale given on Monday, March 21. The rating was maintained by KeyBanc Capital Markets with “Hold” on Friday, September 15. KeyBanc Capital Markets maintained the shares of AIT in report on Monday, October 16 with “Hold” rating. Longbow upgraded the shares of AIT in report on Wednesday, August 12 to “Underperform” rating. The rating was downgraded by BB&T Capital on Monday, October 26 to “Hold”. Wellington Shields upgraded the stock to “Gradually Accumulate” rating in Wednesday, December 27 report.

Investors sentiment decreased to 1.18 in Q4 2017. Its down 0.03, from 1.21 in 2017Q3. It worsened, as 19 investors sold Applied Industrial Technologies, Inc. shares while 70 reduced holdings. 37 funds opened positions while 68 raised stakes. 31.81 million shares or 1.73% less from 32.37 million shares in 2017Q3 were reported. Principal Fincl Grp Inc reported 706,824 shares stake. Verity Asset Mgmt holds 0.16% or 2,787 shares. State Teachers Retirement Systems reported 101,967 shares or 0.02% of all its holdings. 1,880 were reported by First Mercantile Trust Company. Ahl Ltd Liability Partnership reported 110,207 shares stake. Jacobs Levy Equity Management accumulated 5,225 shares or 0.01% of the stock. Parallax Volatility Advisers Lp invested in 5,838 shares or 0% of the stock. Victory Cap Mngmt accumulated 973,769 shares. Moreover, Cubist Systematic Strategies Ltd Liability Corporation has 0.01% invested in Applied Industrial Technologies, Inc. (NYSE:AIT) for 3,067 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt Corp has 20,300 shares for 0.01% of their portfolio. 12,241 are held by Metropolitan Life Insurance Communications New York. Amalgamated Bancshares has invested 0.01% in Applied Industrial Technologies, Inc. (NYSE:AIT). Comml Bank Of America De owns 291,912 shares. Delta Capital Mgmt Ltd Liability Corporation reported 0.2% in Applied Industrial Technologies, Inc. (NYSE:AIT). Huntington Financial Bank has 0% invested in Applied Industrial Technologies, Inc. (NYSE:AIT).

Analysts await Applied Industrial Technologies, Inc. (NYSE:AIT) to report earnings on April, 26 before the open. They expect $0.86 earnings per share, up 14.67% or $0.11 from last year’s $0.75 per share. AIT’s profit will be $33.27M for 21.37 P/E if the $0.86 EPS becomes a reality. After $0.77 actual earnings per share reported by Applied Industrial Technologies, Inc. for the previous quarter, Wall Street now forecasts 11.69% EPS growth.

Since February 2, 2018, it had 0 insider purchases, and 4 selling transactions for $1.42 million activity. 6,873 shares valued at $511,404 were sold by KELLY GREEN EDITH on Friday, February 2. On Friday, February 2 the insider HILTZ L THOMAS sold $252,248. Shares for $375,000 were sold by BAUER FRED D. BARLETT TODD A also sold $285,000 worth of Applied Industrial Technologies, Inc. (NYSE:AIT) shares.