Mutual of America Capital Management LLC bought a new stake in shares of Apergy Corp (NYSE:APY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 69,447 shares of the company’s stock, valued at approximately $2,899,000.

Other hedge funds have also added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Apergy during the second quarter valued at approximately $114,000. CIBC Private Wealth Group LLC acquired a new stake in Apergy during the second quarter valued at approximately $122,000. Asset Advisors Corp acquired a new stake in Apergy during the second quarter valued at approximately $125,000. First Quadrant L P CA acquired a new stake in Apergy during the second quarter valued at approximately $182,000. Finally, UMB Bank N A MO acquired a new stake in Apergy during the second quarter valued at approximately $201,000. 93.07% of the stock is owned by institutional investors and hedge funds.

Several analysts recently commented on APY shares. Cowen began coverage on shares of Apergy in a research note on Wednesday, May 30th. They set a “market perform” rating for the company. Barclays began coverage on shares of Apergy in a research report on Monday, May 14th. They issued an “overweight” rating and a $44.00 price target for the company. Citigroup began coverage on shares of Apergy in a research report on Wednesday, May 16th. They issued a “buy” rating and a $46.00 price target for the company. Evercore ISI began coverage on shares of Apergy in a research report on Thursday, May 3rd. They issued an “outperform” rating and a $45.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Apergy from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Apergy currently has an average rating of “Buy” and an average price target of $46.00.

Shares of NYSE:APY opened at $44.48 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.75. Apergy Corp has a 52 week low of $33.35 and a 52 week high of $46.11.

Apergy (NYSE:APY) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The company had revenue of $305.93 million for the quarter, compared to analyst estimates of $296.70 million. equities research analysts anticipate that Apergy Corp will post 1.42 EPS for the current year.

In related news, Director Kenneth M. Fisher acquired 3,000 shares of the company’s stock in a transaction on Thursday, June 7th. The shares were purchased at an average price of $42.20 per share, for a total transaction of $126,600.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Apergy Company Profile

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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