Air Products and Chemicals, Inc. (NYSE:APD) Short Interest Update

Air Products and Chemicals, Inc. (NYSE:APDGet Rating) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,930,000 shares, a decrease of 17.9% from the April 15th total of 2,350,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the short-interest ratio is currently 1.3 days. Currently, 0.9% of the company’s stock are short sold.

NYSE:APD traded up $6.71 during mid-day trading on Tuesday, hitting $239.63. 37,973 shares of the stock were exchanged, compared to its average volume of 1,264,637. The firm’s 50-day simple moving average is $239.91 and its 200 day simple moving average is $267.17. The stock has a market capitalization of $53.14 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.74 and a beta of 0.87. Air Products and Chemicals has a fifty-two week low of $216.24 and a fifty-two week high of $316.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.79 and a current ratio of 1.95.

Air Products and Chemicals (NYSE:APDGet Rating) last announced its earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. Air Products and Chemicals had a net margin of 19.63% and a return on equity of 15.32%. The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the business posted $2.08 earnings per share. Air Products and Chemicals’s quarterly revenue was up 17.7% on a year-over-year basis. On average, analysts predict that Air Products and Chemicals will post 10.27 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in APD. Morgan Stanley grew its holdings in shares of Air Products and Chemicals by 12.9% during the 2nd quarter. Morgan Stanley now owns 1,941,605 shares of the basic materials company’s stock worth $558,561,000 after purchasing an additional 222,002 shares in the last quarter. EagleClaw Capital Managment LLC lifted its position in Air Products and Chemicals by 6.8% during the third quarter. EagleClaw Capital Managment LLC now owns 28,260 shares of the basic materials company’s stock worth $7,238,000 after purchasing an additional 1,795 shares during the period. Orion Portfolio Solutions LLC increased its holdings in Air Products and Chemicals by 84.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,388 shares of the basic materials company’s stock valued at $355,000 after buying an additional 636 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Air Products and Chemicals by 5.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,493 shares of the basic materials company’s stock valued at $1,663,000 after buying an additional 320 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Air Products and Chemicals by 0.5% during the 3rd quarter. Panagora Asset Management Inc. now owns 9,300 shares of the basic materials company’s stock worth $2,382,000 after acquiring an additional 50 shares during the period. 80.62% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on APD. BMO Capital Markets downgraded Air Products and Chemicals from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $383.00 to $280.00 in a research report on Tuesday, February 8th. Cowen lowered their price target on Air Products and Chemicals from $365.00 to $345.00 in a research report on Monday, February 7th. Bank of America downgraded Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price objective for the company from $337.00 to $285.00 in a report on Monday, February 7th. Wells Fargo & Company downgraded shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $275.00 to $255.00 in a report on Wednesday, May 11th. Finally, StockNews.com started coverage on shares of Air Products and Chemicals in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $304.86.

About Air Products and Chemicals (Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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