Qube Research & Technologies Reduces $53M in Applied Industrial Technologies, Inc. ($AIT)
Key Points
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Qube Research & Technologies reduced its position in Applied Industrial Technologies, Inc. ($AIT) by 36.28% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 276,724 shares of Applied Industrial Technologies, Inc. after selling 157,526 shares during the quarter. Qube Research & Technologies's holdings in Applied Industrial Technologies, Inc. were worth $93.73 million as of its most recent filing.
Applied Industrial Technologies, Inc. Stock Up 5.1%
Shares of Applied Industrial Technologies, Inc. ($AIT) traded around $338.70 on Saturday, up 5.1% for the day.
Applied Industrial Technologies, Inc. Earnings
Applied Industrial Technologies, Inc. Dividend
Analysts Set New Price Targets
About Applied Industrial Technologies, Inc.
Applied Industrial Technologies, Inc. distributes industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies in the United States, Canada, Mexico, Australia, New Zealand, Singapore, and Costa Rica. It operates in two segments, Service Center and Engineered Solutions. The Service Center segment distributes industrial bearings, power transmission, fluid power components and systems, specialty flow control, and advanced factory automation solutions, as well as general maintenance products; and motors, belting, drives, couplings, pumps, linear motion, hydraulic and pneumatic components, filtration supplies, hoses, and other related supplies. It also installs, modifies, and repairs conveyor belts and rubber linings, as well as hose assemblies. The Engineered Solutions segment is involved in distributing, engineering, designing, integrating, and repairing hydraulic and pneumatic fluid power technologies, engineered flow control products and services, and automation technologies; and provision of fluid power and industrial flow control products. Its fluid power products and solutions are used in off-highway mobile equipment, stationary industrial equipment and machines, marine and offshore equipment, factory automation, food processing equipment, packaging operations, and downstream energy process systems. This segment also offers pumps, valves, fittings, hoses, process instrumentation, actuators, and filtration supplies; and advanced automation technologies for the design, engineering, assembly, integration, and distribution of machine vision, collaborative robots, mobile robots, radio-frequency identification, industrial networking, motion control, and machine learning technologies for OEMs, machine builders, integrators, and other industrial and technology sectors. The company was formerly known as Bearings, Inc. and changed its name to Applied Industrial Technologies, Inc. in 1997. The company was founded in 1923 and is headquartered in Cleveland, Ohio.
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