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Artisan Partners boosts AIT shares by 32.2%, valuing at $57.2M, as AIT exceeds earnings expectations.
Investment firm Artisan Partners increased its stake in Applied Industrial Technologies (AIT) by 32.2%, now owning 238,975 shares worth $57.2 million.
AIT exceeded earnings expectations, reporting an EPS of $2.39 compared to the predicted $2.21.
The stock, with a market cap of $8.93 billion, has seen varied analyst predictions, with a general "Moderate Buy" consensus and a price target of $284.29.
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Artisan Partners aumenta las acciones de AIT en un 32,2%, valorando en $57,2 millones, ya que AIT supera las expectativas de ganancias.