Hudson Bay Capital Management LP lifted its stake in Air Products and Chemicals, Inc. (NYSE:APD – Free Report) by 113.7% during the second quarter, HoldingsChannel reports. The firm owned 26,432 shares of the basic materials company’s stock after purchasing an additional 14,062 shares during the period. Hudson Bay Capital Management LP’s holdings in Air Products and Chemicals were worth $7,455,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Saudi Central Bank bought a new position in shares of Air Products and Chemicals during the 1st quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Air Products and Chemicals in the 2nd quarter worth approximately $28,000. Traub Capital Management LLC purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter valued at $28,000. Westside Investment Management Inc. raised its stake in Air Products and Chemicals by 228.1% in the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after buying an additional 73 shares during the last quarter. Finally, Financial Connections Group Inc. raised its position in shares of Air Products and Chemicals by 46.7% in the 2nd quarter. Financial Connections Group Inc. now owns 110 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.
Air Products and Chemicals Trading Up 0.8%
Shares of APD stock opened at $244.99 on Tuesday. Air Products and Chemicals, Inc. has a 1-year low of $229.11 and a 1-year high of $341.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. The company has a 50-day moving average of $253.95 and a two-hundred day moving average of $274.94. The firm has a market cap of $54.53 billion, a PE ratio of -137.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.85.
Air Products and Chemicals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 2nd will be issued a dividend of $1.79 per share. The ex-dividend date is Friday, January 2nd. This represents a $7.16 annualized dividend and a dividend yield of 2.9%. Air Products and Chemicals’s dividend payout ratio (DPR) is -402.25%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Wall Street Zen cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their target price on Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Air Products and Chemicals in a research note on Wednesday, December 10th. Finally, Mizuho set a $300.00 target price on shares of Air Products and Chemicals in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.47.
Get Our Latest Stock Analysis on Air Products and Chemicals
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.
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