Youngs Advisory Group Lowers stake in Air Products & Chemicals (APD)

Air Products & Chemicals (APD) : Youngs Advisory Group reduced its stake in Air Products & Chemicals by 3.89% during the most recent quarter end. The investment management company now holds a total of 90,435 shares of Air Products & Chemicals which is valued at $13,395,232 after selling 3,662 shares in Air Products & Chemicals , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Air Products & Chemicals makes up approximately 11.12% of Youngs Advisory Group’s portfolio.

Air Products & Chemicals closed down -0.2 points or -0.13% at $148.12 with 7,18,794 shares getting traded on Friday. Post opening the session at $149.05, the shares hit an intraday low of $147.56 and an intraday high of $149.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Btim Corp. reduced its stake in APD by selling 7,505 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 157,618 shares of APD which is valued at $23,346,378. Air Products & Chemicals makes up approx 0.40% of Btim Corp.’s portfolio.Capital Impact Advisors boosted its stake in APD in the latest quarter, The investment management firm added 4,175 additional shares and now holds a total of 8,542 shares of Air Products & Chemicals which is valued at $1,238,846. Air Products & Chemicals makes up approx 0.59% of Capital Impact Advisors’s portfolio.Investment Counsel reduced its stake in APD by selling 2,400 shares or 14.95% in the most recent quarter. The Hedge Fund company now holds 13,658 shares of APD which is valued at $1,980,820. Air Products & Chemicals makes up approx 1.83% of Investment Counsel’s portfolio.Fruth Investment Management reduced its stake in APD by selling 975 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 28,371 shares of APD which is valued at $4,067,267. Air Products & Chemicals makes up approx 2.06% of Fruth Investment Management’s portfolio.

On the company’s financial health, Air Products & Chemicals reported $1.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $1.71. The company had revenue of $2355.80 million for the quarter, compared to analysts expectations of $2435.00 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.55 EPS.

Many Wall Street Analysts have commented on Air Products & Chemicals. Company shares were Downgraded by Deutsche Bank on Apr 4, 2016 to ” Hold”, Firm has raised the Price Target to $ 152 from a previous price target of $150 .Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 161 from a previous price target of $145 .Shares were Reiterated by Deutsche Bank on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $160 .

Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe Middle East and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.

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