Malaga Cove Capital LLC Acquires 100 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Malaga Cove Capital LLC lifted its holdings in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,055 shares of the basic materials company’s stock after buying an additional 100 shares during the quarter. Malaga Cove Capital LLC’s holdings in Air Products and Chemicals were worth $314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of APD. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the second quarter worth $32,000. Iron Horse Wealth Management LLC boosted its stake in Air Products and Chemicals by 88.7% in the 3rd 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 grew its holdings in Air Products and Chemicals by 1,700.0% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of 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 valued at $44,000 after buying an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of Air Products and Chemicals by 1,425.0% in the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after buying an additional 171 shares in the last quarter. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock opened at $306.73 on Thursday. Air Products and Chemicals, Inc. has a fifty-two week low of $212.24 and a fifty-two week high of $332.42. The stock’s 50 day simple moving average is $300.16 and its two-hundred day simple moving average is $276.13. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The stock has a market cap of $68.19 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 3.25 and a beta of 0.81.

Analysts Set New Price Targets

Several equities analysts recently commented on APD shares. Vertical Research raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research note on Monday, October 7th. Jefferies Financial Group raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. Citigroup lifted their price objective on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $326.12.

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.