AJOVista LLC Makes New Investment in Air Products and Chemicals, Inc. (NYSE:APD)

AJOVista LLC purchased a new stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 612 shares of the basic materials company’s stock, valued at approximately $168,000.

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

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded up $2.18 during midday trading on Friday, reaching $245.87. 1,559,471 shares of the company were exchanged, compared to its average volume of 1,590,100. The stock has a market cap of $54.66 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. The business’s fifty day moving average is $238.22 and its two-hundred day moving average is $254.19. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $307.71. 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 issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the firm earned $2.74 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, analysts predict that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on APD shares. Citigroup decreased their price objective on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho lowered their price target on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. 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. Finally, Wolfe Research started coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $277.43.

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.