AustralianSuper Pty Ltd Has $2.52 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

AustralianSuper Pty Ltd reduced its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 95.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,475 shares of the basic materials company’s stock after selling 160,127 shares during the period. AustralianSuper Pty Ltd’s holdings in Air Products and Chemicals were worth $2,523,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in Air Products and Chemicals during the second quarter worth $32,000. Iron Horse Wealth Management LLC boosted its position in Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 55 shares during the period. Trifecta Capital Advisors LLC boosted its position in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 136 shares during the period. Beacon Capital Management LLC boosted its position in Air Products and Chemicals by 128.8% during the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC boosted its position in Air Products and Chemicals by 1,425.0% during the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 171 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APD. UBS Group lifted their price objective on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 15th. Mizuho lifted their price objective on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research report on Monday, September 23rd. Citigroup boosted their target price on shares of Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and reduced their target price for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.12.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $310.53 on Friday. The business’s 50 day simple moving average is $297.78 and its 200 day simple moving average is $273.69. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The stock has a market capitalization of $69.03 billion, a PE ratio of 28.03, a PEG ratio of 3.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.27 and a quick ratio of 1.10.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Thursday, August 1st. The basic materials company reported $3.20 EPS for the quarter, beating the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.04 billion. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

Air Products and Chemicals Profile

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.