Citizens Financial Group Inc. RI Reduces Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Citizens Financial Group Inc. RI decreased its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,919 shares of the basic materials company’s stock after selling 307 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Air Products and Chemicals were worth $799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Air Products and Chemicals in the fourth quarter valued at approximately $27,000. Roble Belko & Company Inc purchased a new stake in Air Products and Chemicals in the 4th quarter valued at $27,000. Rakuten Securities Inc. purchased a new position in shares of Air Products and Chemicals during the 4th quarter worth $33,000. Legacy Bridge LLC purchased a new position in shares of Air Products and Chemicals during the 4th quarter worth $35,000. Finally, Cetera Trust Company N.A purchased a new position in shares of Air Products and Chemicals during the 4th quarter worth $35,000. Institutional investors and hedge funds own 81.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on APD. TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Wells Fargo & Company downgraded shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. Argus downgraded shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Mizuho cut their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Finally, UBS Group cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $328.00 to $241.00 in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $236.08 on Friday. Air Products and Chemicals, Inc. has a 12-month low of $212.24 and a 12-month high of $307.71. The stock has a market capitalization of $52.48 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.60 and a beta of 0.81. The firm’s 50-day moving average is $237.14 and its two-hundred day moving average is $255.60. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58.

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

Air Products and Chemicals Company 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.