Air Products and Chemicals, Inc. (NYSE:APD) is Youngs Advisory Group Inc.’s Largest Position

Youngs Advisory Group Inc. lifted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,259 shares of the basic materials company’s stock after purchasing an additional 941 shares during the quarter. Air Products and Chemicals comprises approximately 9.8% of Youngs Advisory Group Inc.’s portfolio, making the stock its largest holding. Youngs Advisory Group Inc.’s holdings in Air Products and Chemicals were worth $12,590,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Air Products and Chemicals by 1,973.1% in the first quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock valued at $1,914,263,000 after acquiring an additional 13,466,808 shares during the last quarter. Janus Henderson Group PLC boosted its position in Air Products and Chemicals by 8,260.1% during the second quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after buying an additional 2,687,657 shares during the period. Vanguard Group Inc. boosted its position in Air Products and Chemicals by 5.5% during the first quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares during the period. American Century Companies Inc. boosted its position in Air Products and Chemicals by 57.2% during the second quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Air Products and Chemicals by 6.8% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,651,446 shares of the basic materials company’s stock valued at $1,305,744,000 after buying an additional 611,672 shares during the period. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on APD shares. Credit Suisse Group reissued an “outperform” rating and issued a $158.00 price target (up from $153.00) on shares of Air Products and Chemicals in a research note on Wednesday, August 2nd. Deutsche Bank AG increased their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Barclays PLC reissued a “buy” rating and issued a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday, August 4th. Vertical Research raised shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a research note on Monday, August 7th. Finally, Argus raised their target price on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Air Products and Chemicals has an average rating of “Hold” and a consensus price target of $164.13.

Shares of Air Products and Chemicals, Inc. (APD) opened at $160.30 on Friday. Air Products and Chemicals, Inc. has a fifty-two week low of $133.63 and a fifty-two week high of $162.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. The stock has a market cap of $34,938.51, a P/E ratio of 25.40, a P/E/G ratio of 1.89 and a beta of 1.24.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the company posted $2.01 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. analysts expect that Air Products and Chemicals, Inc. will post 7 EPS for the current fiscal year.

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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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