Altshuler Shaham Ltd Has $482,000 Holdings in Air Products and Chemicals, Inc. (NYSE:APD)

Altshuler Shaham Ltd lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 45.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,762 shares of the basic materials company’s stock after selling 1,490 shares during the quarter. Altshuler Shaham Ltd’s holdings in Air Products and Chemicals were worth $482,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC increased its stake in Air Products and Chemicals by 17.1% in the 4th quarter. Wealthspire Advisors LLC now owns 1,103 shares of the basic materials company’s stock valued at $302,000 after buying an additional 161 shares during the period. National Pension Service raised its stake in shares of Air Products and Chemicals by 2.5% in the 4th quarter. National Pension Service now owns 384,865 shares of the basic materials company’s stock valued at $105,376,000 after buying an additional 9,235 shares in the last quarter. Meridian Wealth Advisors LLC raised its stake in shares of Air Products and Chemicals by 1.9% in the 4th quarter. Meridian Wealth Advisors LLC now owns 9,524 shares of the basic materials company’s stock valued at $2,608,000 after buying an additional 175 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Air Products and Chemicals by 4.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 32,883 shares of the basic materials company’s stock valued at $9,003,000 after buying an additional 1,459 shares in the last quarter. Finally, Evexia Wealth LLC raised its stake in shares of Air Products and Chemicals by 3.9% in the 4th quarter. Evexia Wealth LLC now owns 8,337 shares of the basic materials company’s stock valued at $2,152,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Air Products and Chemicals Stock Up 1.8 %

APD stock traded up $4.36 during mid-day trading on Thursday, hitting $250.63. 840,346 shares of the company were exchanged, compared to its average volume of 1,703,354. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.49. The firm has a market cap of $55.72 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.66 and a beta of 0.80. The firm’s 50 day simple moving average is $239.20 and its 200 day simple moving average is $253.23. 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 posted 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. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $2.74 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Air Products and Chemicals, Inc. will post 12.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APD shares. UBS Group cut 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 research note on Thursday, February 8th. Mizuho dropped their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Bank of America increased their price objective on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $277.43.

About Air Products and Chemicals

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.