Investors Purchase Large Volume of Air Products & Chemicals Call Options (APD)

Air Products & Chemicals, Inc. (NYSE:APD) saw unusually large options trading on Thursday. Stock investors bought 1,451 call options on the company. This represents an increase of 608% compared to the typical volume of 205 call options.

Shares of NYSE APD opened at $161.37 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.00. Air Products & Chemicals has a one year low of $148.44 and a one year high of $175.17. The firm has a market capitalization of $35.99 billion, a P/E ratio of 21.66, a PEG ratio of 1.70 and a beta of 1.10.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Air Products & Chemicals will post 8.19 EPS for the current year.



The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.40 annualized dividend and a yield of 2.73%. Air Products & Chemicals’s dividend payout ratio is currently 59.06%.

A number of research analysts recently commented on APD shares. Zacks Investment Research lowered Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. ValuEngine upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Thursday, October 4th. BNP Paribas started coverage on Air Products & Chemicals in a research note on Tuesday, October 2nd. They issued an “outperform” rating for the company. Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Finally, Citigroup cut their target price on Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Tuesday, November 13th. Fifteen equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $190.08.

In other Air Products & Chemicals news, Chairman Seifi Ghasemi purchased 20,000 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was bought at an average cost of $160.11 per share, for a total transaction of $3,202,200.00. Following the completion of the acquisition, the chairman now directly owns 408,652 shares in the company, valued at $65,429,271.72. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Matthew Goff Investment Advisor LLC acquired a new position in Air Products & Chemicals during the third quarter worth $74,000. Braun Bostich & Associates Inc. raised its stake in Air Products & Chemicals by 542.6% during the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 624 shares in the last quarter. Honkamp Krueger Financial Services Inc. acquired a new position in Air Products & Chemicals during the third quarter worth $116,000. NuWave Investment Management LLC raised its stake in Air Products & Chemicals by 8,770.0% during the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 877 shares in the last quarter. Finally, TLP Group LLC raised its stake in Air Products & Chemicals by 87.9% during the third quarter. TLP Group LLC now owns 1,041 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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