Public Employees Retirement Association of Colorado Boosts Stake in Air Products & Chemicals, Inc. (APD)

Public Employees Retirement Association of Colorado lifted its position in Air Products & Chemicals, Inc. (NYSE:APD) by 5.1% in the first quarter, HoldingsChannel reports. The firm owned 39,404 shares of the basic materials company’s stock after purchasing an additional 1,904 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Air Products & Chemicals were worth $7,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Field & Main Bank purchased a new position in shares of Air Products & Chemicals in the 1st quarter worth about $27,000. Athena Capital Advisors LLC purchased a new position in shares of Air Products & Chemicals in the 4th quarter worth about $28,000. Old North State Trust LLC boosted its holdings in shares of Air Products & Chemicals by 376.1% in the 4th quarter. Old North State Trust LLC now owns 219 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Air Products & Chemicals in the 4th quarter worth about $38,000. Finally, Transamerica Financial Advisors Inc. boosted its holdings in shares of Air Products & Chemicals by 617.6% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 244 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 87.57% of the company’s stock.

Shares of NYSE:APD opened at $209.58 on Friday. Air Products & Chemicals, Inc. has a 52-week low of $148.44 and a 52-week high of $209.86. The company has a market capitalization of $46.14 billion, a PE ratio of 28.13, a PEG ratio of 2.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 2.16.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the company earned $1.71 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts forecast that Air Products & Chemicals, Inc. will post 8.22 EPS for the current year.

A number of equities analysts have recently issued reports on the company. Deutsche Bank upped their price objective on Air Products & Chemicals from $182.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Zacks Investment Research cut Air Products & Chemicals from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Credit Suisse Group increased their target price on Air Products & Chemicals from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Vertical Research cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Bank of America upgraded Air Products & Chemicals from an “underperform” rating to a “neutral” rating and increased their target price for the company from $170.00 to $215.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $209.92.

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

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

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