Levin Capital Strategies L.P. Sells 220 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Levin Capital Strategies L.P. lessened its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,193 shares of the basic materials company’s stock after selling 220 shares during the period. Levin Capital Strategies L.P.’s holdings in Air Products and Chemicals were worth $1,969,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Dover Advisors LLC grew its stake in shares of Air Products and Chemicals by 1.9% in the 3rd quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company’s stock valued at $540,000 after buying an additional 35 shares during the period. Smithfield Trust Co increased its stake in Air Products and Chemicals by 2.4% during the 3rd quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company’s stock valued at $444,000 after purchasing an additional 36 shares in the last quarter. Patton Albertson Miller Group LLC increased its position in shares of Air Products and Chemicals by 3.9% during the third quarter. Patton Albertson Miller Group LLC now owns 1,025 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 38 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Air Products and Chemicals by 40.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 132 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 38 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Air Products and Chemicals by 1.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company’s stock valued at $996,000 after acquiring an additional 38 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Price Performance

NYSE APD traded up $6.05 during trading hours on Thursday, hitting $243.54. The company had a trading volume of 1,214,884 shares, compared to its average volume of 1,733,121. The firm has a 50 day simple moving average of $237.72 and a 200 day simple moving average of $254.55. 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 $54.14 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.49.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. Air Products and Chemicals’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.74 EPS. Equities research analysts expect that Air Products and Chemicals, Inc. will post 12.38 earnings per share for the current year.

Wall Street Analyst Weigh In

APD has been the subject of several analyst reports. StockNews.com raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. UBS Group cut 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. Citigroup lowered their target price on shares of Air Products and Chemicals from $285.00 to $280.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America upped 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 research report on Wednesday. Finally, TheStreet downgraded Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Air Products and Chemicals presently has a consensus rating of “Hold” and a consensus price target of $277.43.

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.