Brasada Capital Management LP Sells 609 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Brasada Capital Management LP lessened its stake in Air Products and Chemicals, Inc. (NYSE:APD) by 9.7% during the fourth quarter, Holdings Channel reports. The firm owned 5,645 shares of the basic materials company’s stock after selling 609 shares during the period. Brasada Capital Management LP’s holdings in Air Products and Chemicals were worth $1,703,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Generali Investments Management Co LLC bought a new position in Air Products and Chemicals during the 4th quarter valued at $26,000. Sierra Ocean LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at about $30,000. Raleigh Capital Management Inc. lifted its position in shares of Air Products and Chemicals by 69.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Financial Life Planners purchased a new position in Air Products and Chemicals during the fourth quarter worth about $31,000. Finally, WR Wealth Planners LLC grew its position in Air Products and Chemicals by 40.3% in the 4th quarter. WR Wealth Planners LLC now owns 108 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Price Performance

APD stock opened at $265.44 on Wednesday. The firm has a 50 day simple moving average of $290.69 and a two-hundred day simple moving average of $306.22. The stock has a market cap of $59.05 billion, a PE ratio of 15.41, a P/E/G ratio of 3.07 and a beta of 0.89. Air Products and Chemicals, Inc. has a one year low of $228.81 and a one year high of $341.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 0.96.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Thursday, February 6th. The basic materials company reported $2.86 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.27). Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. On average, analysts predict that Air Products and Chemicals, Inc. will post 12.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Walter L. Nelson sold 589 shares of Air Products and Chemicals stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $308.50, for a total value of $181,706.50. Following the transaction, the vice president now owns 719 shares in the company, valued at $221,811.50. This trade represents a 45.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sean D. Major sold 4,500 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the completion of the sale, the vice president now directly owns 14,273 shares of the company’s stock, valued at $4,502,560.58. This represents a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock worth $4,842,604 in the last quarter. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

APD has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Air Products and Chemicals from $365.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. StockNews.com downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Barclays lowered their target price on Air Products and Chemicals from $365.00 to $355.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 1st. BMO Capital Markets downgraded shares of Air Products and Chemicals from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Finally, Sanford C. Bernstein raised shares of Air Products and Chemicals from a “market perform” rating to an “outperform” rating and set a $375.00 target price for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $332.18.

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.