Air Products and Chemicals, Inc. (NYSE:APD) Shares Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC boosted its position in Air Products and Chemicals, Inc. (NYSE:APD) by 301.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,083 shares of the basic materials company’s stock after acquiring an additional 813 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Air Products and Chemicals were worth $322,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APD. Meeder Asset Management Inc. acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $32,000. Iron Horse Wealth Management LLC lifted its position in 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 buying an additional 55 shares in the last quarter. Trifecta Capital Advisors LLC lifted its position in Air Products and Chemicals by 1,700.0% during the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock valued at $37,000 after buying an additional 136 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of Air Products and Chemicals by 128.8% in the first quarter. Beacon Capital Management LLC now owns 183 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Finally, Valued Wealth Advisors LLC increased its position in shares of Air Products and Chemicals by 1,425.0% in the second quarter. Valued Wealth Advisors LLC now owns 183 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 171 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

Shares of APD opened at $306.35 on Wednesday. Air Products and Chemicals, Inc. has a 52 week low of $212.24 and a 52 week high of $332.42. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The firm has a market cap of $68.11 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 3.25 and a beta of 0.81. The stock has a 50 day moving average of $299.56 and a 200-day moving average of $275.91.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on APD. Deutsche Bank Aktiengesellschaft cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating and decreased their price target for the stock from $310.00 to $280.00 in a research report on Monday, July 22nd. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 target price for the company in a research note on Monday, October 7th. BMO Capital Markets raised their target price on Air Products and Chemicals from $300.00 to $323.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Evercore ISI upgraded Air Products and Chemicals from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $305.00 to $365.00 in a report on Monday, October 7th. Finally, Barclays lifted their price objective on shares of Air Products and Chemicals from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.12.

About Air Products and Chemicals

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.