Anchor Capital Advisors LLC Cuts Position in Air Products and Chemicals, Inc. $APD

Anchor Capital Advisors LLC lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,759 shares of the basic materials company’s stock after selling 464 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $14,317,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in APD. Wayfinding Financial LLC purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $25,000. Saudi Central Bank purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in Air Products and Chemicals during the 1st quarter valued at about $27,000. Westside Investment Management Inc. increased its holdings in Air Products and Chemicals by 228.1% during the 2nd quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Finally, Financial Connections Group Inc. increased its holdings in Air Products and Chemicals by 46.7% during the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $237.17 on Thursday. The firm’s 50-day moving average is $270.36 and its two-hundred day moving average is $278.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. Air Products and Chemicals, Inc. has a 12-month low of $235.55 and a 12-month high of $341.14. The stock has a market capitalization of $52.78 billion, a P/E ratio of 34.12, a P/E/G ratio of 5.16 and a beta of 0.81.

Analysts Set New Price Targets

Several research firms have weighed in on APD. Wall Street Zen upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a report on Wednesday, October 1st. Mizuho raised their price target on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. UBS Group decreased their price target on shares of Air Products and Chemicals from $354.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Finally, Argus raised shares of Air Products and Chemicals from a “hold” rating to a “buy” rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $330.00.

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.