Natixis Advisors L.P. Decreases Holdings in Apergy Corp (NYSE:APY)

Natixis Advisors L.P. trimmed its stake in shares of Apergy Corp (NYSE:APY) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,547 shares of the company’s stock after selling 13,164 shares during the period. Natixis Advisors L.P. owned 0.13% of Apergy worth $3,507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of APY. Farmers National Bank acquired a new stake in Apergy during the first quarter worth about $27,000. Meeder Asset Management Inc. lifted its stake in Apergy by 136.0% in the second quarter. Meeder Asset Management Inc. now owns 925 shares of the company’s stock worth $31,000 after acquiring an additional 533 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Apergy in the second quarter worth approximately $35,000. Bremer Bank National Association purchased a new position in Apergy in the first quarter worth approximately $41,000. Finally, Sun Life Financial INC purchased a new position in Apergy in the second quarter worth approximately $86,000. 94.01% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on APY shares. Zacks Investment Research downgraded shares of Apergy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 3rd. Barclays set a $39.00 price objective on shares of Apergy and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Co decreased their price objective on shares of Apergy from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday. Bank of America reiterated a “buy” rating and issued a $40.00 price objective (down from $51.00) on shares of Apergy in a research report on Tuesday, June 25th. Finally, Jefferies Financial Group decreased their price objective on shares of Apergy from $48.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.90.



Shares of APY traded down $0.13 during trading hours on Friday, reaching $28.68. 8,282 shares of the company’s stock traded hands, compared to its average volume of 475,842. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.46 and a beta of 2.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.63 and a quick ratio of 1.47. Apergy Corp has a twelve month low of $23.80 and a twelve month high of $46.11. The business’s fifty day simple moving average is $28.19 and its two-hundred day simple moving average is $34.55.

Apergy (NYSE:APY) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $306.05 million for the quarter, compared to analyst estimates of $310.64 million. Apergy had a return on equity of 10.86% and a net margin of 7.60%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts expect that Apergy Corp will post 1.35 EPS for the current year.

Apergy 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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