Todays Report: The Vicus Capital invests in Air Products and Chemicals Inc. (APD) Shares

The Vicus Capital invests in Air Products and Chemicals Inc. (APD) Shares

Vicus Capital boosted its position in Air Products and Chemicals Inc. (NYSE:APD) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,327 shares of the company’s stock after buying an additional 26 shares during the period. Vicus Capital’s holdings in Air Products and Chemicals were worth $330,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Orbis Allan Gray Ltd bought a new stake in shares of Air Products and Chemicals during the first quarter worth about $198,943,000. Natixis raised its stake in shares of Air Products and Chemicals by 2,829.0% in the first quarter. Natixis now owns 960,396 shares of the company’s stock worth $138,345,000 after buying an additional 927,607 shares during the period. Bank of Montreal Can bought a new stake in shares of Air Products and Chemicals during the second quarter worth about $37,233,000. American Century Companies Inc. raised its stake in shares of Air Products and Chemicals by 8.8% in the second quarter. American Century Companies Inc. now owns 2,173,675 shares of the company’s stock worth $308,749,000 after buying an additional 174,932 shares during the period. Finally, Fenimore Asset Management Inc. bought a new stake in shares of Air Products and Chemicals during the second quarter worth about $7,253,000. 88.46% of the stock is currently owned by institutional investors.

Air Products and Chemicals Inc. (NYSE:APD) traded up 0.31% during mid-day trading on Friday, hitting $133.81. The stock had a trading volume of 2,100,565 shares. Air Products and Chemicals Inc. has a 52 week low of $106.05 and a 52 week high of $146.01. The company has a market capitalization of $29.06 billion, a P/E ratio of 46.30 and a beta of 1.23. The stock’s 50-day moving average is $135.76 and its 200 day moving average is $135.89.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Thursday, October 27th. The company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.03. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.45 billion. Air Products and Chemicals had a return on equity of 22.74% and a net margin of 6.63%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. Equities analysts forecast that Air Products and Chemicals Inc. will post $6.46 earnings per share for the current fiscal year.

APD has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. JPMorgan Chase & Co. raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $160.00 in a research report on Friday, August 12th. Citigroup Inc. boosted their target price on Air Products and Chemicals from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Credit Suisse Group AG initiated coverage on Air Products and Chemicals in a research report on Monday, October 3rd. They set an “outperform” rating on the stock. Finally, Seaport Global Securities raised Air Products and Chemicals from an “accumulate” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Monday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Air Products and Chemicals has a consensus rating of “Hold” and a consensus price target of $151.43.

In related news, SVP John D. Stanley sold 17,247 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $155.39, for a total transaction of $2,680,011.33. Following the sale, the senior vice president now owns 36,129 shares of the company’s stock, valued at approximately $5,614,085.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John D. Stanley sold 9,597 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $150.00, for a total value of $1,439,550.00. Following the sale, the senior vice president now directly owns 28,479 shares in the company, valued at approximately $4,271,850. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

About Air Products and Chemicals

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 operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other.

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