Simmons Bank Has $5.54 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Simmons Bank reduced its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,226 shares of the basic materials company’s stock after selling 1,318 shares during the quarter. Simmons Bank’s holdings in Air Products and Chemicals were worth $5,538,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at about $27,000. Stuart Chaussee & Associates Inc. increased its holdings in Air Products and Chemicals by 257.6% during the 4th 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 in the last quarter. Rakuten Securities Inc. purchased a new stake in Air Products and Chemicals in the 4th quarter valued at $33,000. Finally, Legacy Bridge LLC purchased a new position in shares of Air Products and Chemicals in the 4th quarter worth approximately $35,000. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

NYSE APD traded down $2.64 on Wednesday, reaching $246.01. 516,367 shares of the company’s stock traded hands, compared to its average volume of 1,708,154. Air Products and Chemicals, Inc. has a 12 month low of $212.24 and a 12 month high of $307.71. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. The stock has a 50-day simple moving average of $238.93 and a 200 day simple moving average of $253.28. The stock has a market cap of $54.69 billion, a PE ratio of 22.26, a P/E/G ratio of 2.66 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business earned $2.74 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, research analysts predict that Air Products and Chemicals, Inc. will post 12.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APD. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. TheStreet downgraded shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. UBS Group downgraded shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $328.00 to $241.00 in a report on Thursday, February 8th. Finally, Wolfe Research initiated coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They set an “outperform” rating and a $279.00 price objective on the stock. 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $277.43.

Air Products and Chemicals 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.