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Applied Industrial Technologies ( (AIT) ) has shared an update.
On July 10, 2025, Applied Industrial Technologies, Inc. amended its accounts receivable securitization facility, extending its maturity to July 10, 2028, from the previous expiration date of August 4, 2026. This amendment involved changes to the Receivables Financing Agreement and the Purchase and Sale Agreement, with AIT Receivables LLC acting as the borrower and PNC Bank as the administrative agent. The transaction included customary fees paid by AIT Receivables to the lenders.
The most recent analyst rating on (AIT) stock is a Buy with a $305.00 price target. To see the full list of analyst forecasts on Applied Industrial Technologies stock, see the AIT Stock Forecast page.
Spark’s Take on AIT Stock
According to Spark, TipRanks’ AI Analyst, AIT is a Outperform.
AIT’s strong financial performance and strategic initiatives are significant strengths. Despite high valuation and macroeconomic challenges, the company’s solid order trends and robust cash generation indicate resilience and potential for long-term growth in the industrial distribution sector.
To see Spark’s full report on AIT stock, click here.
More about Applied Industrial Technologies
Average Trading Volume: 515,298
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.57B
See more insights into AIT stock on TipRanks’ Stock Analysis page.