Barclays PLC Purchases 85,522 Shares of Apergy Corp (NYSE:APY)

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Barclays PLC lifted its position in shares of Apergy Corp (NYSE:APY) by 413.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 106,193 shares of the company’s stock after acquiring an additional 85,522 shares during the quarter. Barclays PLC owned approximately 0.14% of Apergy worth $2,872,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in Apergy by 136.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 925 shares of the company’s stock worth $31,000 after purchasing an additional 533 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Apergy in the 2nd quarter valued at about $47,000. Comerica Bank raised its holdings in shares of Apergy by 283.1% in the 3rd quarter. Comerica Bank now owns 179,638 shares of the company’s stock valued at $4,647,000 after acquiring an additional 132,742 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Apergy by 13.0% in the 2nd quarter. Aperio Group LLC now owns 56,368 shares of the company’s stock valued at $1,891,000 after acquiring an additional 6,483 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of Apergy in the 2nd quarter valued at about $1,032,000. Institutional investors own 95.61% of the company’s stock.

Shares of Apergy stock opened at $25.96 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.98 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.13 and a beta of 2.25. The business’s 50-day moving average price is $26.10 and its 200-day moving average price is $28.90. Apergy Corp has a 12 month low of $23.62 and a 12 month high of $43.40.

Apergy (NYSE:APY) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). The firm had revenue of $278.38 million for the quarter, compared to the consensus estimate of $306.68 million. Apergy had a net margin of 6.87% and a return on equity of 9.90%. The company’s revenue was down 12.0% on a year-over-year basis. As a group, analysts predict that Apergy Corp will post 1.13 earnings per share for the current fiscal year.

Several research firms have weighed in on APY. Zacks Investment Research cut Apergy from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Bank of America set a $29.00 price target on Apergy and gave the company a “buy” rating in a report on Friday, October 25th. Wolfe Research set a $32.00 price target on Apergy and gave the company a “buy” rating in a report on Friday, October 25th. Piper Jaffray Companies set a $24.50 price target on Apergy and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Co lowered their price target on Apergy from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.32.

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 two segments, Production & Automation Technologies and Drilling Technologies. 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; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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