Robert Bosch GmbH bought a new position in ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,462,451 shares of the company's stock, valued at approximately $162,273,000. ADS-TEC Energy accounts for 45.5% of Robert Bosch GmbH's investment portfolio, making the stock its largest holding. Robert Bosch GmbH owned approximately 20.68% of ADS-TEC Energy as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in ADS-TEC Energy by 132.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after buying an additional 1,185 shares in the last quarter. GAMMA Investing LLC bought a new stake in ADS-TEC Energy during the fourth quarter worth about $69,000. Renaissance Technologies LLC acquired a new position in ADS-TEC Energy during the fourth quarter valued at approximately $313,000. Geode Capital Management LLC boosted its position in ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company's stock valued at $425,000 after purchasing an additional 4,154 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in ADS-TEC Energy in the fourth quarter valued at approximately $621,000. Institutional investors own 51.65% of the company's stock.
ADS-TEC Energy Stock Performance
Shares of ADSE traded up $0.56 during midday trading on Friday, reaching $13.99. The stock had a trading volume of 85,916 shares, compared to its average volume of 102,363. The firm has a 50 day simple moving average of $13.70 and a 200-day simple moving average of $14.18. ADS-TEC Energy PLC has a one year low of $10.17 and a one year high of $16.35.
Analyst Ratings Changes
Separately, Roth Capital raised ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th.
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ADS-TEC Energy Profile
(
Free Report)
ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.
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