Air Products and Chemicals, Inc. (NYSE:APD) Stock Holdings Decreased by Amalgamated Bank

Amalgamated Bank decreased its position in Air Products and Chemicals, Inc. (NYSE:APD) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 53,913 shares of the basic materials company’s stock after selling 3,168 shares during the period. Amalgamated Bank’s holdings in Air Products and Chemicals were worth $14,761,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Air Products and Chemicals during the fourth quarter valued at $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $27,000. Stuart Chaussee & Associates Inc. lifted its position in shares of Air Products and Chemicals by 257.6% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 85 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Air Products and Chemicals during the fourth quarter worth approximately $33,000. Finally, Legacy Bridge LLC purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $35,000. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Stock Performance

Air Products and Chemicals stock traded up $2.18 on Friday, reaching $245.87. 1,474,749 shares of the stock were exchanged, compared to its average volume of 1,738,766. The stock has a market cap of $54.66 billion, a PE ratio of 22.19, a PEG ratio of 2.62 and a beta of 0.80. The firm has a fifty day moving average price of $237.96 and a two-hundred day moving average price of $254.47. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.74 EPS. Sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 12.34 EPS for the current year.

Wall Street Analysts Forecast Growth

APD has been the topic of several research analyst reports. Wells Fargo & Company cut shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. UBS Group downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price target for the stock from $328.00 to $241.00 in a research note on Thursday, February 8th. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. TD Cowen raised their price objective on shares of Air Products and Chemicals from $305.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.