Aristotle Fund LP Has Boosted Office Depot (ODP) Holding, Applied Industrial Technologies Has 1.24 Sentiment

June 19, 2017 - By Maria Brooks

Aristotle Fund Lp increased Office Depot Inc. (ODP) stake by 53.22% reported in 2016Q4 SEC filing. Aristotle Fund Lp acquired 1.18 million shares as Office Depot Inc. (ODP)’s stock rose 10.79%. The Aristotle Fund Lp holds 3.41M shares with $15.40M value, up from 2.22 million last quarter. Office Depot Inc. now has $2.77B valuation. The stock rose 0.28% or $0.01 reaching $5.43 per share. About 1.22 million shares traded. Office Depot Inc (NASDAQ:ODP) has risen 51.05% since June 19, 2016 and is uptrending. It has outperformed by 34.35% the S&P500.

Applied Industrial Technologies, Inc. is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and activities , and original equipment manufacturing clients in various industries. The company has market cap of $2.33 billion. 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. It has a 22.21 P/E ratio. It operates in two divisions: service center distribution and fluid power businesses.

Since January 1, 0001, it had 0 insider buys, and 5 sales for $926,728 activity.

Analysts await Applied Industrial Technologies (NYSE:AIT) to report earnings on August, 11. They expect $0.76 earnings per share, up 15.15% or $0.10 from last year’s $0.66 per share. AIT’s profit will be $29.42M for 19.80 P/E if the $0.76 EPS becomes a reality. After $0.75 actual earnings per share reported by Applied Industrial Technologies for the previous quarter, Wall Street now forecasts 1.33% EPS growth.

It is down 39.79% since June 19, 2016 and is uptrending. It has outperformed by 23.09% the S&P500.

Grace & White Inc Ny holds 3.24% of its portfolio in Applied Industrial Technologies for 253,294 shares. Palisade Capital Management Llc Nj owns 557,653 shares or 1.24% of their US portfolio. Moreover, Anderson Hoagland & Co has 1.04% invested in the company for 29,930 shares. The Illinois-based Anchor Bolt Capital Lp has invested 0.61% in the stock. Fruth Investment Management, a Texas-based fund reported 21,700 shares.

Since March 4, 2017, it had 1 buy, and 8 sales for $1.34 million activity. Calkins Stephen R also sold $207,679 worth of Office Depot Inc (NASDAQ:ODP) on Tuesday, March 28. Another trade for 66,217 shares valued at $336,449 was sold by Allison Michael R. $117,499 worth of stock was bought by VASSALLUZZO JOSEPH on Wednesday, March 15. $127,467 worth of Office Depot Inc (NASDAQ:ODP) shares were sold by Beauchamp Timothy J. $385,059 worth of stock was sold by RICE TROY on Monday, May 15.

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