Atria Wealth Solutions Inc. Grows Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Atria Wealth Solutions Inc. lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,424 shares of the basic materials company’s stock after buying an additional 928 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Air Products and Chemicals were worth $5,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Magnolia Capital Advisors LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $1,299,000. Cutter & CO Brokerage Inc. grew its position in shares of Air Products and Chemicals by 30.7% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 6,222 shares of the basic materials company’s stock worth $1,703,000 after buying an additional 1,463 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $371,000. SlateStone Wealth LLC grew its position in shares of Air Products and Chemicals by 10.7% in the 4th quarter. SlateStone Wealth LLC now owns 19,491 shares of the basic materials company’s stock worth $5,337,000 after buying an additional 1,888 shares during the period. Finally, Roble Belko & Company Inc purchased a new stake in shares of Air Products and Chemicals in the 4th quarter worth about $27,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Shares of NYSE APD opened at $236.06 on Friday. The firm’s 50-day moving average price is $237.14 and its 200-day moving average price is $255.82. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The company has a market cap of $52.48 billion, a PE ratio of 22.52, a PEG ratio of 2.58 and a beta of 0.81. Air Products and Chemicals, Inc. has a 52-week low of $212.24 and a 52-week high of $307.71.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.64 EPS. As a group, analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. TheStreet lowered shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Seaport Res Ptn lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Finally, Barclays reduced their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $276.36.

About Air Products and Chemicals

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.