NYSE:AITTrade Distributors
Applied Industrial Technologies Buyback Raises Questions On Valuation And Insider Selling
Applied Industrial Technologies (NYSE:AIT) announced a new share repurchase program.
The authorization covers the buyback of up to 3,000,000 shares.
Applied Industrial Technologies focuses on industrial distribution and related services, supplying components and solutions to a wide range of end markets. Share repurchase authorizations of this size can matter for investors who watch how companies balance cash uses between growth, acquisitions, dividends, and buybacks.
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