Texas Permanent School Fund cut its position in shares of Apergy Corp (NYSE:APY) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,663 shares of the company’s stock after selling 1,293 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of Apergy worth $2,120,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in APY. BlackRock Inc. bought a new position in Apergy during the 2nd quarter worth approximately $301,425,000. Boston Partners bought a new position in Apergy during the 2nd quarter worth approximately $260,851,000. FMR LLC bought a new position in Apergy during the 2nd quarter worth approximately $164,211,000. Bank of New York Mellon Corp bought a new position in Apergy during the 2nd quarter worth approximately $137,135,000. Finally, Ruffer LLP bought a new position in Apergy during the 2nd quarter worth approximately $82,093,000. Hedge funds and other institutional investors own 92.96% of the company’s stock.
APY opened at $40.37 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.46 and a current ratio of 2.47. Apergy Corp has a 1 year low of $33.35 and a 1 year high of $46.11.
Apergy (NYSE:APY) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $316.47 million during the quarter, compared to analysts’ expectations of $321.60 million. On average, sell-side analysts expect that Apergy Corp will post 1.45 earnings per share for the current year.
APY has been the topic of several recent research reports. Zacks Investment Research lowered Apergy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Cowen raised their price target on Apergy from $37.00 to $39.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 7th. Citigroup reduced their price target on Apergy from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Wolfe Research initiated coverage on Apergy in a research report on Wednesday, October 10th. They set an “outperform” rating on the stock. Finally, Jefferies Financial Group initiated coverage on Apergy in a research report on Tuesday, July 17th. They set a “buy” rating and a $50.00 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Apergy currently has a consensus rating of “Buy” and a consensus target price of $45.50.
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Apergy Company Profile
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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