First Trust Advisors LP grew its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 7.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564,453 shares of the basic materials company’s stock after buying an additional 37,261 shares during the period. First Trust Advisors LP’s holdings in Air Products & Chemicals were worth $125,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in Air Products & Chemicals during the 2nd quarter worth about $26,000. Lenox Wealth Advisors LLC purchased a new stake in Air Products & Chemicals during the 3rd quarter worth about $27,000. Squar Milner Financial Services LLC lifted its holdings in Air Products & Chemicals by 87.1% during the 2nd quarter. Squar Milner Financial Services LLC now owns 131 shares of the basic materials company’s stock worth $30,000 after buying an additional 61 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Air Products & Chemicals by 163.0% in the 2nd quarter. Assetmark Inc. now owns 142 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 88 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Air Products & Chemicals in the 2nd quarter valued at about $43,000. 85.26% of the stock is owned by institutional investors.
APD stock traded up $6.29 during trading on Friday, hitting $233.87. The company had a trading volume of 1,809,915 shares, compared to its average volume of 1,085,902. The firm has a market cap of $47.72 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. Air Products & Chemicals, Inc. has a 1-year low of $149.64 and a 1-year high of $234.61. The firm has a 50-day moving average price of $216.06 and a 200-day moving average price of $218.06. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28.
Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, November 7th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the firm posted $2.00 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current year.
Several analysts have recently weighed in on APD shares. Monness Crespi & Hardt reissued a “buy” rating and issued a $254.00 target price (up from $214.00) on shares of Air Products & Chemicals in a report on Friday, July 26th. Sanford C. Bernstein cut Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price target on the stock. in a research report on Thursday, July 18th. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Wells Fargo & Co initiated coverage on Air Products & Chemicals in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $240.00 price target on the stock. Finally, Deutsche Bank restated a “buy” rating and issued a $260.00 price target (up previously from $250.00) on shares of Air Products & Chemicals in a research report on Friday. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $238.47.
Air Products & Chemicals Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
Read More: Bollinger Bands
Want to see what other hedge funds are holding APD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Air Products & Chemicals, Inc. (NYSE:APD).
Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.