Rothschild & Co. Asset Management US Inc. Has $42.67 Million Position in Air Products and Chemicals, Inc. (NYSE:APD)

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Rothschild & Co. Asset Management US Inc. lessened its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,256 shares of the basic materials company’s stock after selling 19,021 shares during the quarter. Air Products and Chemicals comprises about 0.8% of Rothschild & Co. Asset Management US Inc.’s investment portfolio, making the stock its 19th largest position. Rothschild & Co. Asset Management US Inc. owned approximately 0.06% of Air Products and Chemicals worth $42,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Air Products and Chemicals by 13.5% during the 2nd quarter. Bank of America Corp DE now owns 9,581,433 shares of the basic materials company’s stock worth $2,313,533,000 after acquiring an additional 1,141,241 shares in the last quarter. Bessemer Group Inc. grew its holdings in Air Products and Chemicals by 142.4% in the second quarter. Bessemer Group Inc. now owns 1,005,425 shares of the basic materials company’s stock valued at $242,770,000 after purchasing an additional 590,644 shares during the period. First Trust Advisors LP grew its holdings in Air Products and Chemicals by 109.1% in the third quarter. First Trust Advisors LP now owns 707,704 shares of the basic materials company’s stock valued at $210,797,000 after purchasing an additional 369,326 shares during the period. Nordea Investment Management AB grew its holdings in Air Products and Chemicals by 109.1% in the second quarter. Nordea Investment Management AB now owns 424,490 shares of the basic materials company’s stock valued at $100,770,000 after purchasing an additional 221,463 shares during the period. Finally, Balyasny Asset Management LLC acquired a new stake in shares of Air Products and Chemicals in the second quarter worth approximately $36,869,000. 83.32% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals stock traded down $1.97 during trading on Tuesday, reaching $264.47. 20,426 shares of the company were exchanged, compared to its average volume of 1,216,030. Air Products and Chemicals, Inc. has a 52-week low of $167.43 and a 52-week high of $327.89. The company has a market capitalization of $58.85 billion, a P/E ratio of 31.38, a PEG ratio of 4.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.59 and a quick ratio of 3.32. The stock’s 50 day simple moving average is $292.07 and its two-hundred day simple moving average is $272.28.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Monday, November 16th. The basic materials company reported $2.19 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.02). Air Products and Chemicals had a net margin of 21.30% and a return on equity of 15.48%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. Air Products and Chemicals’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Air Products and Chemicals, Inc. will post 9.6 earnings per share for the current year.

A number of analysts have recently issued reports on APD shares. JPMorgan Chase & Co. lowered Air Products and Chemicals from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $310.00 to $280.00 in a research note on Thursday, November 12th. Zacks Investment Research lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and set a $305.00 price target on the stock. in a research note on Monday, September 28th. Credit Suisse Group lowered their price target on Air Products and Chemicals from $317.00 to $305.00 and set an “outperform” rating on the stock in a research note on Thursday, November 12th. Evercore ISI started coverage on Air Products and Chemicals in a research note on Monday, September 21st. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Air Products and Chemicals from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $285.50.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

See Also: Buy-Side Analysts

Institutional Ownership by Quarter for Air Products and Chemicals (NYSE:APD)

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