Regent Peak Wealth Advisors LLC Has $1.60 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)


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Regent Peak Wealth Advisors LLC grew its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,691 shares of the basic materials company’s stock after purchasing an additional 96 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Air Products and Chemicals were worth $1,601,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. JustInvest LLC boosted its holdings in shares of Air Products and Chemicals by 51.3% in the first quarter. JustInvest LLC now owns 5,236 shares of the basic materials company’s stock worth $1,473,000 after buying an additional 1,775 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in Air Products and Chemicals by 11.3% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 4,298 shares of the basic materials company’s stock worth $1,209,000 after buying an additional 437 shares in the last quarter. DAGCO Inc. lifted its position in Air Products and Chemicals by 12.2% in the 1st quarter. DAGCO Inc. now owns 2,561 shares of the basic materials company’s stock worth $721,000 after buying an additional 279 shares in the last quarter. US Bancorp DE lifted its position in Air Products and Chemicals by 6.9% in the 1st quarter. US Bancorp DE now owns 102,565 shares of the basic materials company’s stock worth $28,855,000 after buying an additional 6,577 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Air Products and Chemicals by 4.5% in the 1st quarter. Park Avenue Securities LLC now owns 1,829 shares of the basic materials company’s stock worth $514,000 after buying an additional 78 shares in the last quarter. Institutional investors own 82.75% of the company’s stock.

APD has been the subject of a number of research analyst reports. Barclays reiterated a “buy” rating on shares of Air Products and Chemicals in a research report on Sunday, February 7th. Cowen assumed coverage on shares of Air Products and Chemicals in a report on Wednesday, March 24th. They set an “outperform” rating and a $340.00 price target on the stock. Zacks Investment Research downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a report on Wednesday, March 31st. Citigroup downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price target for the company from $325.00 to $277.00 in a report on Friday, February 5th. Finally, Credit Suisse Group restated an “outperform” rating and set a $302.00 price target on shares of Air Products and Chemicals in a report on Monday, March 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $305.00.

APD stock traded up $1.02 during trading on Tuesday, hitting $291.21. 14,835 shares of the stock traded hands, compared to its average volume of 1,133,763. Air Products and Chemicals, Inc. has a one year low of $219.52 and a one year high of $327.89. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 3.63 and a beta of 0.76. The company has a current ratio of 3.59, a quick ratio of 3.43 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $283.64 and a 200 day simple moving average of $276.68.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Wednesday, February 3rd. The basic materials company reported $2.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.19 by ($0.07). The company had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.34 billion. Air Products and Chemicals had a return on equity of 15.48% and a net margin of 21.30%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 earnings per share. As a group, analysts predict that Air Products and Chemicals, Inc. will post 9.28 earnings per share for the current fiscal year.

Air Products and 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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