Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,388 shares of the basic materials company’s stock after selling 8,288 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Air Products and Chemicals were worth $31,418,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of APD. Saudi Central Bank purchased a new stake in Air Products and Chemicals during the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new position in Air Products and Chemicals in the 1st quarter worth approximately $27,000. Westside Investment Management Inc. boosted its stake in Air Products and Chemicals by 228.1% in the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 73 shares during the period. Financial Connections Group Inc. grew its position in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 35 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in Air Products and Chemicals during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
Air Products and Chemicals Stock Down 2.4%
Shares of APD stock opened at $253.01 on Tuesday. Air Products and Chemicals, Inc. has a 12 month low of $235.55 and a 12 month high of $341.14. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The firm has a market cap of $56.31 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 5.16 and a beta of 0.81. The stock has a 50 day moving average of $265.17 and a 200-day moving average of $277.80.
Analyst Ratings Changes
Several research firms recently weighed in on APD. JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. The Goldman Sachs Group set a $335.00 price objective on Air Products and Chemicals in a report on Wednesday, October 1st. Citigroup reduced their target price on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Finally, Royal Bank Of Canada cut their price target on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $313.75.
Get Our Latest Analysis on APD
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.
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