14,832 Shares in Apergy Corp (NYSE:APY) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC purchased a new stake in shares of Apergy Corp (NYSE:APY) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 14,832 shares of the company’s stock, valued at approximately $610,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in shares of Apergy by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,909 shares of the company’s stock valued at $837,000 after buying an additional 401 shares during the period. American International Group Inc. raised its position in shares of Apergy by 0.3% during the 4th quarter. American International Group Inc. now owns 157,649 shares of the company’s stock valued at $4,269,000 after buying an additional 428 shares during the period. Neuburgh Advisers LLC raised its position in shares of Apergy by 5.6% during the 4th quarter. Neuburgh Advisers LLC now owns 9,614 shares of the company’s stock valued at $260,000 after buying an additional 506 shares during the period. Great West Life Assurance Co. Can raised its position in shares of Apergy by 1.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 46,839 shares of the company’s stock valued at $1,923,000 after buying an additional 552 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Apergy by 1.1% during the 4th quarter. Arizona State Retirement System now owns 55,511 shares of the company’s stock valued at $1,503,000 after buying an additional 596 shares during the period. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Apergy stock opened at $32.07 on Wednesday. Apergy Corp has a fifty-two week low of $25.85 and a fifty-two week high of $46.11. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.53 and a quick ratio of 1.44. The company has a market capitalization of $2.54 billion and a P/E ratio of 22.27.



Apergy (NYSE:APY) last posted its earnings results on Tuesday, April 30th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Apergy had a net margin of 7.47% and a return on equity of 11.40%. The firm had revenue of $301.70 million during the quarter, compared to the consensus estimate of $301.37 million. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Apergy Corp will post 1.47 EPS for the current year.

APY has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of Apergy to $49.00 and gave the company a “buy” rating in a research report on Monday, March 4th. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and set a $42.00 price target on shares of Apergy in a research report on Wednesday, February 20th. Bank of America reiterated a “buy” rating and issued a $46.00 target price (up previously from $42.00) on shares of Apergy in a report on Wednesday, February 20th. Johnson Rice upgraded shares of Apergy from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $45.00 to $48.00 in a report on Monday, March 11th. Finally, Zacks Investment Research upgraded shares of Apergy from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $45.80.

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Apergy Company Profile

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.

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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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