Air Products and Chemicals, Inc. (NYSE:APD) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,730 shares of the basic materials company’s stock after selling 184 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Air Products and Chemicals were worth $4,581,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of APD. Turtle Creek Wealth Advisors LLC bought a new position in Air Products and Chemicals during the fourth quarter valued at about $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $27,000. Stuart Chaussee & Associates Inc. boosted its position in shares of Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 85 shares during the period. Rakuten Securities Inc. acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $33,000. Finally, Legacy Bridge LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at $35,000. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $2.18 during trading on Friday, hitting $245.87. 1,559,471 shares of the stock were exchanged, compared to its average volume of 1,590,100. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The company has a market capitalization of $54.66 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80. The company’s fifty day simple moving average is $238.22 and its 200-day simple moving average is $254.19. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. Air Products and Chemicals’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 EPS. Sell-side analysts expect that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APD. Bank of America increased their price target on Air Products and Chemicals from $272.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $328.00 to $241.00 in a research report on Thursday, February 8th. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. TD Cowen raised their price target on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup cut their price target on Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $277.43.

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.