Headlands Technologies LLC Increases Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Headlands Technologies LLC increased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 104.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,423 shares of the basic materials company’s stock after purchasing an additional 1,238 shares during the quarter. Headlands Technologies LLC’s holdings in Air Products and Chemicals were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at $27,000. Roble Belko & Company Inc acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $27,000. Rakuten Securities Inc. acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $33,000. Legacy Bridge LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $35,000. Finally, Cetera Trust Company N.A acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth $35,000. 81.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on APD shares. Bank of America raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price on the stock in a report on Thursday, February 15th. TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. BMO Capital Markets dropped their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. Finally, Citigroup increased their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One research 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. According to data from MarketBeat, Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $276.36.

Air Products and Chemicals Stock Performance

NYSE:APD traded up $1.00 during trading hours on Friday, hitting $236.08. 1,251,373 shares of the company traded hands, compared to its average volume of 1,281,333. The stock has a market capitalization of $52.48 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 2.59 and a beta of 0.81. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The firm has a 50-day moving average of $237.14 and a 200 day moving average of $255.82. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. Air Products and Chemicals’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.64 earnings per share. On average, analysts forecast that Air Products and Chemicals, Inc. will post 12.38 EPS for the current year.

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.