Cubist Systematic Strategies LLC Has $736,000 Position in Air Products and Chemicals, Inc. (APD)

Cubist Systematic Strategies LLC reduced its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 72.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,148 shares of the basic materials company’s stock after selling 13,223 shares during the period. Cubist Systematic Strategies LLC’s holdings in Air Products and Chemicals were worth $736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APD. Patten Group Inc. lifted its position in shares of Air Products and Chemicals by 3.7% during the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 28 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of Air Products and Chemicals by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 6 shares in the last quarter. IMS Capital Management acquired a new position in shares of Air Products and Chemicals during the second quarter worth $129,000. Armbruster Capital Management Inc. lifted its position in shares of Air Products and Chemicals by 13.5% during the second quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 108 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in shares of Air Products and Chemicals by 8.8% in the second quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after buying an additional 75 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on APD shares. Argus lifted their price target on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $165.00 to $175.00 in a research note on Thursday, September 14th. KeyCorp restated a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research note on Friday, September 8th. Vertical Research reiterated a “hold” rating and set a $148.00 target price (up previously from $146.00) on shares of Air Products and Chemicals in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Air Products and Chemicals currently has a consensus rating of “Hold” and an average price target of $157.15.

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Air Products and Chemicals, Inc. (APD) traded up 0.13% during midday trading on Friday, reaching $161.60. 163,041 shares of the company traded hands. Air Products and Chemicals, Inc. has a 12-month low of $129.00 and a 12-month high of $162.86. The company has a market cap of $35.22 billion, a price-to-earnings ratio of 12.14 and a beta of 1.26. The company has a 50-day moving average price of $151.43 and a 200-day moving average price of $145.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the business posted $2.01 EPS. Air Products and Chemicals’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts predict that Air Products and Chemicals, Inc. will post $6.23 earnings per share for the current fiscal year.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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