Air Products and Chemicals, Inc. (NYSE:APD) Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its position in Air Products and Chemicals, Inc. (NYSE:APD) by 145.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,012 shares of the basic materials company’s stock after acquiring an additional 16,012 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Air Products and Chemicals were worth $7,835,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Generali Investments Management Co LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. grew its position in Air Products and Chemicals by 69.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Sierra Ocean LLC acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $30,000. Financial Life Planners acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $31,000. Finally, WR Wealth Planners LLC grew its position in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. 81.66% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

APD stock opened at $271.05 on Monday. The business has a 50 day moving average price of $279.33 and a 200 day moving average price of $301.36. The stock has a market cap of $60.32 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 3.07 and a beta of 0.88. Air Products and Chemicals, Inc. has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, May 1st. The basic materials company reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.14). The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Air Products and Chemicals had a return on equity of 15.78% and a net margin of 31.88%. Air Products and Chemicals’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.85 EPS. Equities research analysts anticipate that Air Products and Chemicals, Inc. will post 12.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Air Products and Chemicals news, insider Wilbur Mok sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $315.88, for a total value of $410,644.00. Following the completion of the sale, the insider now owns 3,193 shares in the company, valued at approximately $1,008,604.84. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Walter L. Nelson sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the sale, the vice president now owns 719 shares of the company’s stock, valued at approximately $221,811.50. This represents a 45.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,751 shares of company stock worth $1,812,572 over the last 90 days. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on APD. BNP Paribas raised Air Products and Chemicals to a “strong-buy” rating in a research report on Tuesday, February 11th. Bank of America downgraded Air Products and Chemicals from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $330.00 to $282.00 in a research report on Tuesday, April 15th. Barclays lowered their price objective on Air Products and Chemicals from $355.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective on Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.38.

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.