Everpar Advisors LLC Buys Shares of 1,657 Air Products and Chemicals, Inc. (NYSE:APD)

Everpar Advisors LLC purchased a new stake in Air Products and Chemicals, Inc. (NYSE:APD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,657 shares of the basic materials company’s stock, valued at approximately $454,000.

A number of other hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its holdings in shares of Air Products and Chemicals by 1,696.4% in the fourth quarter. Nordea Investment Management AB now owns 518,197 shares of the basic materials company’s stock worth $142,344,000 after buying an additional 489,350 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Air Products and Chemicals by 64.2% in the third 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 grew its holdings in shares of Air Products and Chemicals by 26,852.1% in the fourth quarter. International Assets Investment Management LLC now owns 275,720 shares of the basic materials company’s stock valued at $754,920,000 after purchasing an additional 274,697 shares in the last quarter. Morgan Stanley boosted its stake in Air Products and Chemicals by 4.6% during the third quarter. Morgan Stanley now owns 5,302,455 shares of the basic materials company’s stock worth $1,502,717,000 after buying an additional 235,037 shares during the period. Finally, Truist Financial Corp boosted its stake in 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 worth $191,687,000 after buying an additional 186,894 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

APD stock traded down $2.38 during mid-day trading on Wednesday, hitting $246.27. The stock had a trading volume of 888,730 shares, compared to its average volume of 1,713,052. The company has a current ratio of 1.49, a quick ratio of 1.31 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $307.71. The firm has a market capitalization of $54.75 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.66 and a beta of 0.80. The firm has a fifty day simple moving average of $238.93 and a 200 day simple moving average of $253.28.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APD shares. Wells Fargo & Company lowered Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. TD Cowen increased their price objective on 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. Wolfe Research initiated coverage on Air Products and Chemicals in a research note on Friday, March 1st. They issued an “outperform” rating and a $279.00 target price for the company. Finally, TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently 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.