Flinton Capital Management LLC Buys 782 Shares of Apergy Corp (APY)
Flinton Capital Management LLC grew its stake in Apergy Corp (NYSE:APY) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,858 shares of the company’s stock after purchasing an additional 782 shares during the quarter. Flinton Capital Management LLC’s holdings in Apergy were worth $402,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of APY. BlackRock Inc. lifted its holdings in Apergy by 0.6% during the fourth quarter. BlackRock Inc. now owns 7,007,970 shares of the company’s stock worth $189,778,000 after acquiring an additional 43,813 shares during the period. Boston Partners lifted its holdings in Apergy by 10.3% during the fourth quarter. Boston Partners now owns 5,795,996 shares of the company’s stock worth $156,956,000 after acquiring an additional 540,246 shares during the period. Van ECK Associates Corp lifted its holdings in Apergy by 67.7% during the fourth quarter. Van ECK Associates Corp now owns 1,479,528 shares of the company’s stock worth $40,066,000 after acquiring an additional 597,451 shares during the period. Janus Henderson Group PLC lifted its holdings in Apergy by 13.7% during the third quarter. Janus Henderson Group PLC now owns 1,407,802 shares of the company’s stock worth $61,324,000 after acquiring an additional 169,799 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Apergy by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,060,197 shares of the company’s stock worth $28,711,000 after acquiring an additional 54,333 shares during the period. Institutional investors own 91.02% of the company’s stock.
APY has been the topic of a number of recent analyst reports. Cowen upgraded Apergy from a “market perform” rating to an “outperform” rating in a report on Thursday, January 17th. They noted that the move was a valuation call. Jefferies Financial Group reiterated a “buy” rating and set a $40.00 price target on shares of Apergy in a report on Monday, December 17th. Gabelli initiated coverage on Apergy in a report on Wednesday, January 23rd. They set a “buy” rating and a $44.00 price target on the stock. Johnson Rice initiated coverage on Apergy in a research note on Thursday, January 10th. They issued an “accumulate” rating and a $38.00 target price on the stock. Finally, Bank of America initiated coverage on Apergy in a research note on Monday, December 3rd. They issued a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Apergy currently has a consensus rating of “Buy” and a consensus price target of $46.30.
Shares of APY opened at $40.97 on Friday. The firm has a market capitalization of $3.08 billion and a price-to-earnings ratio of 28.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.63. Apergy Corp has a 1 year low of $25.85 and a 1 year high of $46.11.
Apergy (NYSE:APY) last issued its earnings results on Tuesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $311.20 million for the quarter, compared to analyst estimates of $307.10 million. Apergy had a return on equity of 9.73% and a net margin of 7.77%. Research analysts anticipate that Apergy Corp will post 1.45 earnings per share for the current fiscal year.
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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