Nations Financial Group Inc. IA ADV Has $1.02 Million Stock Position in Air Products and Chemicals, Inc. (NYSE:APD)

Nations Financial Group Inc. IA ADV boosted its stake in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 179.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,435 shares of the basic materials company’s stock after purchasing an additional 2,207 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Air Products and Chemicals were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CX Institutional increased its holdings in shares of Air Products and Chemicals by 2.6% in the third quarter. CX Institutional now owns 1,343 shares of the basic materials company’s stock valued at $400,000 after purchasing an additional 34 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in Air Products and Chemicals by 0.3% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 11,593 shares of the basic materials company’s stock valued at $3,452,000 after buying an additional 34 shares during the last quarter. Bank of Stockton raised its holdings in Air Products and Chemicals by 1.9% in the 3rd quarter. Bank of Stockton now owns 1,813 shares of the basic materials company’s stock valued at $540,000 after acquiring an additional 34 shares during the period. Cape Investment Advisory Inc. lifted its position in Air Products and Chemicals by 1.0% during the first quarter. Cape Investment Advisory Inc. now owns 3,740 shares of the basic materials company’s stock worth $906,000 after acquiring an additional 37 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Air Products and Chemicals by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 203 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 37 shares during the period. 81.66% of the stock is owned by institutional investors.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $311.13 on Wednesday. Air Products and Chemicals, Inc. has a one year low of $212.24 and a one year high of $332.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.10. The company has a market cap of $69.17 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 3.46 and a beta of 0.81. The firm has a 50 day simple moving average of $302.27 and a 200 day simple moving average of $278.09.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APD shares. Deutsche Bank Aktiengesellschaft cut Air Products and Chemicals from a “buy” rating to a “hold” rating and dropped their price target for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Wells Fargo & Company boosted their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Barclays lifted their price objective on shares of Air Products and Chemicals from $295.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their target price on shares of Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. cut their price target on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $328.18.

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.