Johnson Investment Counsel Inc. cut its position in Apergy Corp (NYSE:APY) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,702 shares of the company’s stock after selling 1,568 shares during the period. Johnson Investment Counsel Inc. owned 0.09% of Apergy worth $2,270,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Apergy by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,060,197 shares of the company’s stock valued at $28,711,000 after purchasing an additional 54,333 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Apergy by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 760,049 shares of the company’s stock worth $20,582,000 after buying an additional 43,090 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Apergy by 38.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,764 shares of the company’s stock worth $113,000 after buying an additional 764 shares in the last quarter. Raymond James & Associates lifted its position in shares of Apergy by 6.6% during the 1st quarter. Raymond James & Associates now owns 145,650 shares of the company’s stock worth $5,980,000 after buying an additional 9,041 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Apergy by 8.5% during the 1st quarter. New York State Teachers Retirement System now owns 112,230 shares of the company’s stock worth $4,608,000 after buying an additional 8,800 shares in the last quarter. Institutional investors own 93.99% of the company’s stock.
NYSE:APY opened at $30.53 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 1.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.23 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.44 and a beta of 2.28. The firm’s 50 day moving average is $28.03 and its 200 day moving average is $34.26. Apergy Corp has a 12 month low of $23.80 and a 12 month high of $46.11.
Apergy (NYSE:APY) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $306.05 million for the quarter, compared to analysts’ expectations of $310.64 million. Apergy had a net margin of 7.60% and a return on equity of 10.86%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Apergy Corp will post 1.35 earnings per share for the current year.
Several equities analysts have commented on APY shares. Bank of America reissued a “buy” rating and set a $40.00 target price (down previously from $51.00) on shares of Apergy in a research report on Tuesday, June 25th. Wells Fargo & Co dropped their target price on shares of Apergy from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Jefferies Financial Group dropped their target price on shares of Apergy from $48.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, June 25th. Citigroup cut shares of Apergy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $41.00 to $34.00 in a research report on Tuesday, July 9th. Finally, Barclays set a $39.00 target price on shares of Apergy and gave the stock a “buy” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.90.
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 two segments, Production & Automation Technologies and Drilling Technologies. 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; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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