Advisory Services Network Lowers stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Advisory Services Network reduced its stake in Air Products & Chemicals by 7.7% during the most recent quarter end. The investment management company now holds a total of 1,019 shares of Air Products & Chemicals which is valued at $137,647 after selling 85 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Air Products & Chemicals makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Private Asset Management Inc boosted its stake in APD in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,300 shares of Air Products & Chemicals which is valued at $452,034. Air Products & Chemicals makes up approx 0.08% of Private Asset Management Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in APD in the latest quarter, The investment management firm added 15,043 additional shares and now holds a total of 182,872 shares of Air Products & Chemicals which is valued at $25,049,807. Air Products & Chemicals makes up approx 0.14% of Chevy Chase Trust Holdings’s portfolio.New England Research Management reduced its stake in APD by selling 1,100 shares or 23.78% in the most recent quarter. The Hedge Fund company now holds 3,525 shares of APD which is valued at $482,855. Air Products & Chemicals makes up approx 0.41% of New England Research Management’s portfolio.

Air Products & Chemicals closed down -1.95 points or -1.42% at $135.08 with 18,86,771 shares getting traded on Friday. Post opening the session at $137.23, the shares hit an intraday low of $133.74 and an intraday high of $137.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Air Products & Chemicals reported $1.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.90. The company had revenue of $2434.40 million for the quarter, compared to analysts expectations of $2404.06 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on Air Products & Chemicals. Air Products & Chemicals was Upgraded by JP Morgan to ” Overweight” on Aug 12, 2016. Seaport Global Securities Upgraded Air Products & Chemicals on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $165.

Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe Middle East and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.

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