Unique Wealth Strategies LLC Takes $869,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Unique Wealth Strategies LLC purchased a new position in Air Products and Chemicals, Inc. (NYSE:APD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,173 shares of the basic materials company’s stock, valued at approximately $869,000.

A number of other hedge funds also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in Air Products and Chemicals in the 4th quarter worth $27,000. Roble Belko & Company Inc acquired a new position in shares of Air Products and Chemicals during the 4th quarter worth about $27,000. Stuart Chaussee & Associates Inc. boosted its holdings in Air Products and Chemicals by 257.6% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 118 shares of the basic materials company’s stock worth $32,000 after buying an additional 85 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at approximately $33,000. Finally, Legacy Bridge LLC acquired a new stake in shares of Air Products and Chemicals in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Trading Up 0.4 %

Air Products and Chemicals stock traded up $1.00 during trading on Friday, hitting $236.08. The company had a trading volume of 1,251,373 shares, compared to its average volume of 1,281,333. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.59 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 1.58 and a debt-to-equity ratio of 0.74. Air Products and Chemicals, Inc. has a 1-year low of $212.24 and a 1-year high of $307.71. The company’s 50 day simple moving average is $237.14 and its 200-day simple moving average is $255.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm posted $2.64 earnings per share. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, analysts expect that Air Products and Chemicals, Inc. will post 12.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APD has been the topic of a number of research reports. Citigroup raised their price objective on Air Products and Chemicals from $260.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. BMO Capital Markets cut their price objective on shares of Air Products and Chemicals from $307.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. TD Cowen lowered their target price on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Seaport Res Ptn downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, TheStreet lowered Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Profile

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.