Alliance Wealth Advisors LLC UT Purchases 178 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Alliance Wealth Advisors LLC UT raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,276 shares of the basic materials company’s stock after purchasing an additional 178 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Air Products and Chemicals were worth $2,266,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc acquired a new position in Air Products and Chemicals during the fourth quarter worth $27,000. Stuart Chaussee & Associates Inc. boosted its holdings in Air Products and Chemicals by 257.6% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 85 shares during the last quarter. Rakuten Securities Inc. acquired a new position in Air Products and Chemicals during the fourth quarter worth $33,000. Finally, Legacy Bridge LLC acquired a new position in Air Products and Chemicals during the fourth quarter worth $35,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock traded up $1.00 during mid-day trading on Friday, hitting $236.08. The stock had a trading volume of 1,251,373 shares, compared to its average volume of 1,281,333. 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 52 week low of $212.24 and a 52 week high of $307.71. The firm has a market capitalization of $52.48 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.59 and a beta of 0.81. The firm has a fifty day simple moving average of $237.14 and a 200 day simple moving average of $255.82.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 5.6% compared to the same quarter last year. As a group, research analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APD. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. TD Cowen cut their price target on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. BMO Capital Markets cut their price target on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company 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 cut their price target for the company from $328.00 to $241.00 in a research note on Thursday, February 8th. Finally, Argus lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $276.36.

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.