Air Products & Chemicals (APD) : York Capital Management Global Advisors reduced its stake in Air Products & Chemicals by 37.05% during the most recent quarter end. The investment management company now holds a total of 898,195 shares of Air Products & Chemicals which is valued at $134,585,539 after selling 528,560 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Air Products & Chemicals makes up approximately 3.32% of York Capital Management Global Advisors’s portfolio.
Other Hedge Funds, Including , Invictus Rg Pte. Ltd. reduced its stake in APD by selling 2 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 155 shares of APD which is valued at $23,225. Air Products & Chemicals makes up approx 0.02% of Invictus Rg Pte. Ltd.’s portfolio.Cleararc Capital Inc reduced its stake in APD by selling 3 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 4,726 shares of APD which is valued at $708,144. Air Products & Chemicals makes up approx 0.13% of Cleararc Capital Inc’s portfolio.Saturna Capital Corp boosted its stake in APD in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 225,380 shares of Air Products & Chemicals which is valued at $33,592,889. Air Products & Chemicals makes up approx 1.03% of Saturna Capital Corp’s portfolio.Msi Financial Services Inc boosted its stake in APD in the latest quarter, The investment management firm added 397 additional shares and now holds a total of 4,877 shares of Air Products & Chemicals which is valued at $726,722. Air Products & Chemicals makes up approx 0.03% of Msi Financial Services Inc’s portfolio.
Air Products & Chemicals opened for trading at $156.13 and hit $156.55 on the upside on Thursday, eventually ending the session at $156.3, with a gain of 0.44% or 0.68 points. The heightened volatility saw the trading volume jump to 13,03,986 shares. Company has a market cap of $33,847 M.
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.
Investors should note that on Jul 21, 2016, Air Products & Chemicals announced a cash dividend of $0.8600. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Nov 14, 2016.
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 GasesAmericas; Industrial Gases EMEA (Europe Middle East and Africa); Industrial GasesAsia; Industrial GasesGlobal; 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.