Natixis Advisors L.P. Has $35.45 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

Natixis Advisors L.P. decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,481 shares of the basic materials company’s stock after selling 15,331 shares during the period. Natixis Advisors L.P. owned about 0.06% of Air Products and Chemicals worth $35,451,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the fourth quarter worth about $27,000. Roble Belko & Company Inc acquired a new stake in Air Products and Chemicals in the 4th quarter valued at $27,000. Stuart Chaussee & Associates Inc. grew its position in Air Products and Chemicals by 257.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 85 shares during the period. Rakuten Securities Inc. acquired a new position in Air Products and Chemicals during the fourth quarter worth $33,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at $35,000. Institutional investors own 81.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays cut their price target on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a report on Tuesday, February 6th. Wolfe Research began coverage on Air Products and Chemicals in a research report on Friday, March 1st. They set an “outperform” rating and a $279.00 price target on the stock. BMO Capital Markets lifted their price objective on Air Products and Chemicals from $250.00 to $263.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley decreased their target price on Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Finally, Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $277.43.

Air Products and Chemicals Trading Up 0.9 %

NYSE:APD traded up $2.18 during trading hours on Friday, hitting $245.87. 1,559,471 shares of the company were exchanged, compared to its average volume of 1,590,100. The company has a fifty day simple moving average of $237.96 and a 200 day simple moving average of $254.47. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.74 EPS. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.