Baader Bank Aktiengesellschaft Lowers Stock Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Baader Bank Aktiengesellschaft decreased its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,298 shares of the basic materials company’s stock after selling 904 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Air Products and Chemicals were worth $3,086,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Air Products and Chemicals by 1,696.4% during the fourth quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock valued at $142,344,000 after purchasing an additional 489,350 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Air Products and Chemicals by 64.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 766,076 shares of the basic materials company’s stock valued at $217,106,000 after purchasing an additional 299,649 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Air Products and Chemicals by 26,852.1% during the fourth quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock worth $754,920,000 after purchasing an additional 274,697 shares during the last quarter. Morgan Stanley grew its position in shares of Air Products and Chemicals by 4.6% during the 3rd quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock valued at $1,502,717,000 after buying an additional 235,037 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Air Products and Chemicals by 36.4% during the fourth quarter. Truist Financial Corp now owns 700,099 shares of the basic materials company’s stock valued at $191,687,000 after acquiring an additional 186,894 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 2.2 %

Shares of NYSE:APD traded up $5.44 during trading on Thursday, hitting $257.04. 2,745,999 shares of the company’s stock were exchanged, compared to its average volume of 1,711,302. The firm has a 50-day moving average price of $240.41 and a two-hundred day moving average price of $252.33. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. The firm has a market cap of $57.14 billion, a P/E ratio of 22.71, a PEG ratio of 2.71 and a beta of 0.80. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on APD shares. Mizuho cut their price objective on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. TD Cowen upped their price objective on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. lowered their target price on Air Products and Chemicals from $270.00 to $260.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. StockNews.com upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Wolfe Research started coverage on shares of Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $273.77.

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.