Aurora Investment Counsel Boosts Stake in Air Products & Chemicals, Inc. (APD)

Aurora Investment Counsel lifted its holdings in shares of Air Products & Chemicals, Inc. (NYSE:APD) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,635 shares of the basic materials company’s stock after purchasing an additional 97 shares during the quarter. Aurora Investment Counsel’s holdings in Air Products & Chemicals were worth $1,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Athena Capital Advisors LLC acquired a new stake in Air Products & Chemicals in the 4th quarter valued at about $28,000. Old North State Trust LLC increased its position in 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 valued at $35,000 after acquiring an additional 173 shares in the last quarter. Pinnacle Bank acquired a new stake in Air Products & Chemicals in the 4th quarter valued at about $38,000. Transamerica Financial Advisors Inc. increased its position in 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 valued at $39,000 after acquiring an additional 210 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in shares of Air Products & Chemicals by 109.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 255 shares of the basic materials company’s stock worth $41,000 after buying an additional 133 shares during the period. Institutional investors own 87.33% of the company’s stock.

APD traded up $3.85 during trading on Friday, reaching $208.29. The company had a trading volume of 1,329,391 shares, compared to its average volume of 1,206,439. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 2.36. Air Products & Chemicals, Inc. has a 12 month low of $148.44 and a 12 month high of $209.86. The firm has a market cap of $45.85 billion, a P/E ratio of 27.96, a PEG ratio of 2.11 and a beta of 0.83.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.04. Air Products & Chemicals had a net margin of 18.90% and a return on equity of 15.28%. The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that Air Products & Chemicals, Inc. will post 8.22 earnings per share for the current fiscal year.

APD has been the subject of several analyst reports. Zacks Investment Research cut shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. Credit Suisse Group lifted their price target on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. KeyCorp boosted their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, April 12th. BMO Capital Markets boosted their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Air Products & Chemicals from $167.00 to $207.00 and gave the company an “overweight” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $209.92.

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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.

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

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