Morgan Stanley Initiates Coverage on Apria (NYSE:HAYW)

Stock analysts at Morgan Stanley initiated coverage on shares of Apria (NYSE:HAYW) in a note issued to investors on Tuesday, The Fly reports. The firm set an “equal weight” rating and a $19.00 price target on the stock. Morgan Stanley’s price target would suggest a potential upside of 13.50% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Bank of America began coverage on shares of Apria in a research report on Tuesday. They set a “buy” rating and a $21.00 target price on the stock. KeyCorp began coverage on shares of Apria in a research report on Tuesday. They issued an “overweight” rating and a $21.00 price objective on the stock. Finally, The Goldman Sachs Group began coverage on shares of Apria in a research report on Tuesday. They issued a “buy” rating and a $27.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.33.

Shares of NYSE HAYW opened at $16.74 on Tuesday. Apria has a one year low of $15.61 and a one year high of $17.98.

In related news, major shareholder Ccmp Capital, Lp sold 7,190,598 shares of the business’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $16.07, for a total value of $115,552,909.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Holleran bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was purchased at an average cost of $17.00 per share, with a total value of $136,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 26,000 shares of company stock valued at $442,000 in the last three months.

About Apria

Hayward Holdings, Inc operates as a designer, manufacturer, and marketer of various pool equipment and associated automation systems. The company offers a range of pool equipment, including pumps, filters, heaters, automatic cleaners, sanitizers, controls, and LED lights, as well as industrial thermoplastic valves and process liquid control products for in-ground residential pools, above ground pools, and commercial pools.

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