Exchange Traded Concepts LLC Has $60,000 Position in Air Products and Chemicals, Inc. (NYSE:APD)

Exchange Traded Concepts LLC grew its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 22.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203 shares of the basic materials company’s stock after purchasing an additional 37 shares during the period. Exchange Traded Concepts LLC’s holdings in Air Products and Chemicals were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP bought a new position in Air Products and Chemicals in the 4th quarter valued at approximately $1,525,000. Dynamic Advisor Solutions LLC grew its position in Air Products and Chemicals by 96.1% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,399 shares of the basic materials company’s stock valued at $2,035,000 after purchasing an additional 4,116 shares during the period. Procyon Advisors LLC boosted its holdings in Air Products and Chemicals by 141.7% during the 1st quarter. Procyon Advisors LLC now owns 6,735 shares of the basic materials company’s stock worth $1,632,000 after acquiring an additional 3,949 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Air Products and Chemicals by 6.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 222,397 shares of the basic materials company’s stock worth $53,880,000 after acquiring an additional 13,946 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of Air Products and Chemicals by 35.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,595 shares of the basic materials company’s stock worth $629,000 after purchasing an additional 686 shares during the period. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APD has been the topic of a number of research reports. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $305.00 to $365.00 in a research note on Monday, October 7th. UBS Group upped their target price on Air Products and Chemicals from $307.00 to $345.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price objective for the company in a research report on Monday, October 7th. Citigroup upped their target price on Air Products and Chemicals from $330.00 to $345.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Wells Fargo & Company increased their price objective on Air Products and Chemicals from $280.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average price target of $320.82.

Air Products and Chemicals Stock Down 1.1 %

NYSE APD opened at $326.62 on Thursday. The stock’s 50-day moving average price is $292.79 and its 200-day moving average price is $270.59. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.77. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a market capitalization of $72.61 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.16. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.04 billion. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. On average, equities research analysts predict that Air Products and Chemicals, Inc. will post 12.33 earnings per share for the current year.

About Air Products and Chemicals

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.