Chesapeake Capital Corp IL Buys 2,831 Shares of Air Products and Chemicals, Inc. (NYSE:APD)

Chesapeake Capital Corp IL lifted its position in shares of Air Products and Chemicals, Inc. (NYSE:APD) by 216.4% in the third quarter, HoldingsChannel.com reports. The firm owned 4,139 shares of the basic materials company’s stock after purchasing an additional 2,831 shares during the period. Air Products and Chemicals comprises 1.1% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 14th largest position. Chesapeake Capital Corp IL’s holdings in Air Products and Chemicals were worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of APD. Meeder Asset Management Inc. purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $32,000. Iron Horse Wealth Management LLC lifted its holdings in Air Products and Chemicals by 88.7% in the third quarter. Iron Horse Wealth Management LLC now owns 117 shares of the basic materials company’s stock worth $35,000 after buying an additional 55 shares during the period. Trifecta Capital Advisors LLC lifted its holdings in Air Products and Chemicals by 1,700.0% in the second quarter. Trifecta Capital Advisors LLC now owns 144 shares of the basic materials company’s stock worth $37,000 after buying an additional 136 shares during the period. Beacon Capital Management LLC lifted its holdings in 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 buying an additional 103 shares during the period. Finally, Valued Wealth Advisors LLC lifted its holdings in 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 buying an additional 171 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Air Products and Chemicals Price Performance

Shares of APD opened at $317.10 on Friday. The company has a market capitalization of $70.49 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.81. The company has a quick ratio of 1.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $305.56 and a 200 day moving average of $279.96. Air Products and Chemicals, Inc. has a twelve month low of $212.24 and a twelve month high of $332.42.

Wall Street Analysts Forecast Growth

Several analysts have commented on APD shares. Citigroup raised their price objective on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, November 11th. BMO Capital Markets raised their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company raised their target price on shares of Air Products and Chemicals from $280.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Mizuho raised their target price on shares of Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, UBS Group raised their target price on shares of Air Products and Chemicals from $307.00 to $345.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $329.76.

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.