Robert Bosch GmbH acquired a new stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,462,451 shares of the company's stock, valued at approximately $162,273,000. ADS-TEC Energy accounts for about 45.5% of Robert Bosch GmbH's investment portfolio, making the stock its largest holding. Robert Bosch GmbH owned about 20.68% of ADS-TEC Energy at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in ADS-TEC Energy by 132.6% in the fourth 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 purchased a new stake in ADS-TEC Energy in the 4th quarter worth approximately $69,000. Renaissance Technologies LLC bought a new stake in ADS-TEC Energy during the 4th quarter worth approximately $313,000. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ADS-TEC Energy in the fourth quarter worth approximately $621,000. Hedge funds and other institutional investors own 51.65% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Roth Capital upgraded shares of ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 19th.
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ADS-TEC Energy Trading Up 4.2 %
Shares of ADS-TEC Energy stock traded up $0.56 during trading on Friday, reaching $13.99. 85,916 shares of the stock traded hands, compared to its average volume of 102,006. ADS-TEC Energy PLC has a 52-week low of $10.17 and a 52-week high of $16.35. The business has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $14.17.
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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