Winch Advisory Services LLC cut its stake in shares of Apergy Corp (NYSE:APY) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,391 shares of the company’s stock after selling 686 shares during the quarter. Winch Advisory Services LLC’s holdings in Apergy were worth $363,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its holdings in Apergy by 583.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 704 shares of the company’s stock worth $31,000 after buying an additional 601 shares during the period. Essex Savings Bank acquired a new position in Apergy during the 4th quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Apergy during the 4th quarter worth about $54,000. Ancora Advisors LLC acquired a new position in Apergy during the 3rd quarter worth about $107,000. Finally, Asset Advisors Investment Management LLC acquired a new position in Apergy during the 3rd quarter worth about $131,000. 93.23% of the stock is currently owned by hedge funds and other institutional investors.
APY has been the topic of several recent research reports. Citigroup cut their target price on Apergy from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Bank of America started coverage on Apergy in a research note on Monday, December 3rd. They issued a “buy” rating and a $40.00 price objective on the stock. Cowen reissued a “hold” rating and issued a $40.00 price objective on shares of Apergy in a research note on Monday, December 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price objective on shares of Apergy in a research note on Monday, December 17th. Finally, Zacks Investment Research downgraded Apergy from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Apergy presently has a consensus rating of “Buy” and an average price target of $42.89.
Shares of NYSE:APY traded up $0.34 during midday trading on Monday, reaching $34.23. The company’s stock had a trading volume of 3,395 shares, compared to its average volume of 353,491. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.47 and a quick ratio of 1.46. Apergy Corp has a fifty-two week low of $25.85 and a fifty-two week high of $46.11.
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Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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