1,450 Shares in Air Products and Chemicals, Inc. (NYSE:APD) Acquired by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in shares of Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,450 shares of the basic materials company’s stock, valued at approximately $371,000.

Other hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 25.5% during the third quarter. Avior Wealth Management LLC now owns 207 shares of the basic materials company’s stock valued at $59,000 after buying an additional 42 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its holdings in Air Products and Chemicals by 7.6% during the third quarter. Cedar Brook Financial Partners LLC now owns 1,020 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 72 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in Air Products and Chemicals by 97.5% during the third quarter. Meridian Wealth Management LLC now owns 2,230 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 1,101 shares during the last quarter. Private Trust Co. NA boosted its holdings in Air Products and Chemicals by 15.1% during the third quarter. Private Trust Co. NA now owns 3,326 shares of the basic materials company’s stock worth $943,000 after purchasing an additional 436 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in Air Products and Chemicals by 1.5% during the third quarter. Caprock Group LLC now owns 2,681 shares of the basic materials company’s stock worth $765,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays dropped their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 6th. UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their target price for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Citigroup boosted their target price on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets dropped their target price on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 6th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Trading Up 0.4 %

Shares of APD opened at $234.72 on Thursday. The firm’s 50-day moving average price is $236.80 and its 200-day moving average price is $256.31. The firm has a market capitalization of $52.18 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.57 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $2.64 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

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.