The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Applied Industrial Technologies (AIT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Applied Industrial Technologies is a member ...

Applied Industrial Technologies (AIT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ...

Several industrial products stocks are standing out among the Zacks Rank #1 (Strong Buy) list with 16 companies coveting spots from the sector.Even better, here are three of these industrial products stocks that are highly recommended by brokers as well and have an average broker recommendation of 1.0 on a scale of 1 to 5 (Strong Buy to Strong Sell).Applied Industrial Technologies (AIT) : Well known for its engineering, design and system integration services, all four of the brokers covering Applied Industr ...

The U.S. manufacturing sector is trying to bounce back from its earlier lows. The U.S. Census Bureau reported last week that new orders for manufacturing goods increased $9.1 billion in March, up 1.6% month over month and in line with the consensus estimate.March was also the second consecutive month of growth in factory orders after new orders for manufactured goods rose 1.2% in February.Shipments jumped $1.5 billion, or 0.3%, to $583.3 billion, after increasing 1.4% in February. New orders for manufacture ...

Group 1: Reddit (RDDT) Performance - Reddit's stock gained 48.4% on its first day of trading, reaching a high of $74.90 by March 26, more than double its IPO price of $34 [1] - The launch of options trading contributed to the stock's early success, with approximately 90,000 options traded on the first day [1] - Daily options volume for Reddit stock has decreased significantly in April, dropping from 82,357 on April 1 to 32,154 on April 8 [1] Group 2: Bellring Brands (BRBR) - Bellring Brands has grown sales from $854 million in 2019 to $1.67 billion in 2023, achieving a compound annual growth rate of 18.3% [3] - The company expects revenues to grow by 12% in 2024, reaching $1.87 billion [3] - Bellring's stock trades at 46 times its trailing 12-month adjusted earnings per share and 30 times the 2024 estimate of $1.60 [3] Group 3: Applied Industrial Technologies (AIT) - Applied Industrial Technologies has appreciated by 14.9% annually since adopting its current stock symbol AIT, outperforming the S&P 500 [5] - The May 17 $195 call option has an ask price of $7.90, requiring a 4.1% down payment [6] - AIT's share price needs to increase by 3.2% over the next 38 days for the option to be considered for exercise [6] Group 4: UFP Industries (UFPI) - UFP Industries has seen its shares appreciate by 13.7% annually since going public in 1993, with a 106% increase since October 2020 [7][8] - The company expects to grow annual sales by 7% to 10% over the next five years, with an average adjusted EBITDA margin of 12.5% [8] - UFP Industries anticipates benefiting from a potential decline in interest rates later this year and into 2025 [8]

The Zacks Manufacturing – General Industrial industry is poised for growth on the back of the recovery in domestic and export orders for industrial products and the surge in the e-commerce business. Efforts to digitalize business operations have been enhancing the industry players' competitiveness.Strength in end markets, along with improvement in the supply chain, is expected to foster the industry’s growth. Industry players bank on frequent innovation investments to stay competitive in the market. Ingerso ...

Applied Industrial Technologies (AIT) reported third-quarter fiscal 2024 (ended Mar 31, 2024) earnings of $2.48 per share, which surpassed the Zacks Consensus Estimate of $2.40. The bottom line jumped 4.2% year over year.Net revenues of $1,146 million underperformed the consensus estimate of $1.148 million. The top line inched up 1.3% year over year. Acquisitions boosted the top line by 1.2% while foreign-currency translation had a positive impact of 0.2%. Organic sales increased 0.7% year over year. Howeve ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended MARCH 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ | Title of each class | Trading Symbol | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, without pa ...

Applied Industrial Technologies, Inc. (NYSE:AIT) Q3 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Ryan Cieslak – Director-Investor Relations and Treasury Neil Schrimsher – President and Chief Executive Officer Dave Wells – Chief Financial Officer Conference Call Participants David Manthey – Baird Christopher Glynn - Oppenheimer Ken Newman – KeyBanc Chris Dankert – Loop Capital Aaron Reed - Northcoast Research Operator Welcome to the Fiscal 2024 Third Quarter Earnings Call for ...

The U.S. manufacturing sector is making a rebound after months of slowdown in activity. Easing price pressures is boosting demand, which is driving orders at U.S. factories and leading to higher production.The Commerce Department said on Apr 24 that orders for U.S. manufactured goods made to last more than three years rose 2.6% in March, slightly above the consensus estimate of a rise of 2.5%.However, durable goods orders for February were revised down from 1.4% to 0.7%, indicating that although manufacturi ...