2,050 Shares in Air Products & Chemicals, Inc. (NYSE:APD) Bought by First Business Financial Services Inc.

Share on StockTwits

First Business Financial Services Inc. bought a new position in shares of Air Products & Chemicals, Inc. (NYSE:APD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,050 shares of the basic materials company’s stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. lifted its holdings in Air Products & Chemicals by 5.0% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 9,739 shares of the basic materials company’s stock worth $2,161,000 after buying an additional 468 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Air Products & Chemicals by 16.3% during the third quarter. Benjamin Edwards Inc. now owns 741 shares of the basic materials company’s stock valued at $164,000 after buying an additional 104 shares during the last quarter. Alps Advisors Inc. acquired a new position in shares of Air Products & Chemicals during the third quarter valued at approximately $365,000. New England Research & Management Inc. acquired a new position in shares of Air Products & Chemicals during the third quarter valued at approximately $488,000. Finally, First Trust Advisors LP increased its stake in shares of Air Products & Chemicals by 7.1% during the third quarter. First Trust Advisors LP now owns 564,453 shares of the basic materials company’s stock valued at $125,230,000 after acquiring an additional 37,261 shares during the period. 85.26% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on APD. Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Air Products & Chemicals in a research note on Monday, August 19th. Credit Suisse Group upped their target price on shares of Air Products & Chemicals from $221.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. UBS Group lowered their target price on shares of Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating on the stock in a research note on Friday. ValuEngine cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Finally, Deutsche Bank upped their target price on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday. They noted that the move was a valuation call. Eleven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $240.13.

NYSE:APD traded up $6.29 on Friday, reaching $233.87. The stock had a trading volume of 1,800,237 shares, compared to its average volume of 1,085,902. The company has a market capitalization of $47.72 billion, a P/E 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 company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $216.25 and a 200-day moving average price of $218.23.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.02). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. Air Products & Chemicals’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. Sell-side analysts predict that Air Products & Chemicals, Inc. will post 8.24 earnings per share for the current fiscal year.

Air Products & Chemicals Company 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.

See Also: Resistance Level

Institutional Ownership by Quarter for Air Products & Chemicals (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.



Latest News

2,050 Shares in Air Products & Chemicals, Inc.  Bought by First Business Financial Services Inc.
2,050 Shares in Air Products & Chemicals, Inc. Bought by First Business Financial Services Inc.
First Business Financial Services Inc. Buys 1,726 Shares of iShares Russell 1000 Growth ETF
First Business Financial Services Inc. Buys 1,726 Shares of iShares Russell 1000 Growth ETF
Broadcom Inc  Stake Reduced by First Business Financial Services Inc.
Broadcom Inc Stake Reduced by First Business Financial Services Inc.
Hayek Kallen Investment Management Purchases 2,120 Shares of Duke Energy Corp
Hayek Kallen Investment Management Purchases 2,120 Shares of Duke Energy Corp
LCI Industries  Upgraded to Buy at Zacks Investment Research
LCI Industries Upgraded to Buy at Zacks Investment Research
Medifast  Downgraded by ValuEngine
Medifast Downgraded by ValuEngine


 
© 2006-2019 Zolmax.