Prime Capital Investment Advisors LLC Boosts Stake in Air Products and Chemicals, Inc. (NYSE:APD)

Prime Capital Investment Advisors LLC lifted its holdings in Air Products and Chemicals, Inc. (NYSE:APD) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,443 shares of the basic materials company’s stock after buying an additional 155 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Air Products and Chemicals were worth $1,323,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals in the second quarter worth about $32,000. Iron Horse Wealth Management LLC grew its holdings in shares of Air Products and Chemicals by 88.7% during the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Beacon Capital Management LLC lifted its position in Air Products and Chemicals by 128.8% in the 1st quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Air Products and Chemicals by 1,425.0% during the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock valued at $47,000 after buying an additional 171 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APD. Wells Fargo & Company increased their price target on Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the company from $310.00 to $280.00 in a research report on Monday, July 22nd. Evercore ISI raised Air Products and Chemicals from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $305.00 to $365.00 in a research report on Monday, October 7th. The Goldman Sachs Group raised their price objective on Air Products and Chemicals from $291.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and a consensus price target of $329.76.

Air Products and Chemicals Price Performance

Shares of APD stock opened at $315.88 on Friday. The stock’s fifty day moving average is $303.74 and its 200-day moving average is $278.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The stock has a market capitalization of $70.22 billion, a PE ratio of 18.39, a PEG ratio of 3.12 and a beta of 0.81.

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.