Envestnet Asset Management Inc. bought a new position in shares of Apergy Corp (NYSE:APY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,557 shares of the company’s stock, valued at approximately $105,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont acquired a new position in Apergy during the 2nd quarter worth about $114,000. CIBC Private Wealth Group LLC acquired a new position in Apergy during the 2nd quarter worth about $122,000. Asset Advisors Corp acquired a new position in Apergy during the 2nd quarter worth about $125,000. First Quadrant L P CA acquired a new position in Apergy during the 2nd quarter worth about $182,000. Finally, UMB Bank N A MO acquired a new position in Apergy during the 2nd quarter worth about $201,000. 93.11% of the stock is currently owned by hedge funds and other institutional investors.
APY stock opened at $44.10 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.31 and a quick ratio of 1.36. Apergy Corp has a 1 year low of $33.35 and a 1 year high of $46.11.
Apergy (NYSE:APY) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The business had revenue of $305.93 million during the quarter, compared to the consensus estimate of $296.70 million. analysts anticipate that Apergy Corp will post 1.42 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. Citigroup increased their price target on Apergy from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Cowen assumed coverage on Apergy in a research report on Wednesday, May 30th. They issued a “market perform” rating on the stock. Jefferies Financial Group assumed coverage on Apergy in a research report on Tuesday, July 17th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research raised Apergy from a “sell” rating to a “hold” rating in a research report on Monday, August 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.67.
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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