Sir Capital Management LP Has Cut Its Stake in Air Prods & Chems INC (APD) by $4.48 Million as Stock Declined

June 13, 2018 - By Dolores Ford

Air Products and Chemicals, Inc. (NYSE:APD) LogoInvestors sentiment decreased to 1.01 in Q1 2018. Its down 0.22, from 1.23 in 2017Q4. It is negative, as 56 investors sold APD shares while 277 reduced holdings. 75 funds opened positions while 262 raised stakes. 184.89 million shares or 1.00% less from 186.75 million shares in 2017Q4 were reported. Rand Wealth Limited Liability has 47,988 shares for 0.86% of their portfolio. Zevin Asset Mgmt holds 3,553 shares. Intrust State Bank Na holds 2,556 shares. The Missouri-based Umb National Bank N A Mo has invested 0.13% in Air Products and Chemicals, Inc. (NYSE:APD). 72,100 are owned by Employees Retirement Of Texas. Colonial Tru Advsrs has invested 1.71% in Air Products and Chemicals, Inc. (NYSE:APD). Dorsey And Whitney Llc holds 0.06% or 1,976 shares. 200 are held by Willingdon Wealth. Fincl Bank Of America Corporation De invested 0.19% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Parkside Bancorp And Tru owns 485 shares. M&T Commercial Bank invested in 173,108 shares. Haverford Services has invested 1.74% in Air Products and Chemicals, Inc. (NYSE:APD). North Amer Mngmt holds 0.15% or 5,964 shares in its portfolio. D Scott Neal Incorporated holds 0.01% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD) for 153 shares. Oppenheimer Asset Incorporated invested in 0.18% or 44,027 shares.

Vince Maddi decreased its stake in Air Prods & Chems Inc (APD) by 36.4% based on its latest 2018Q1 regulatory filing with the SEC. Sir Capital Management Lp sold 28,169 shares as the company’s stock declined 0.27% with the market. The hedge fund run by Vince Maddi held 49,227 shares of the basic industries company at the end of 2018Q1, valued at $7.83 million, down from 77,396 at the end of the previous reported quarter. Sir Capital Management Lp who had been investing in Air Prods & Chems Inc for a number of months, seems to be less bullish one the $36.41 billion market cap company. The stock decreased 1.14% or $1.91 during the last trading session, reaching $166.09. About 1.05M shares traded or 9.69% up from the average. Air Products and Chemicals, Inc. (NYSE:APD) has risen 14.49% since June 13, 2017 and is uptrending. It has outperformed by 1.92% the S&P500.

Sir Capital Management Lp, which manages about $1.60 billion and $570.18 million US Long portfolio, upped its stake in Suncor Energy Inc New (NYSE:SU) by 143,727 shares to 521,710 shares, valued at $18.02 million in 2018Q1, according to the filing. It also increased its holding in Tenaris S A (NYSE:TS) by 735,446 shares in the quarter, for a total of 871,968 shares, and has risen its stake in Oneok Inc New (NYSE:OKE).

Analysts await Air Products and Chemicals, Inc. (NYSE:APD) to report earnings on August, 7. They expect $1.85 EPS, up 12.12 % or $0.20 from last year’s $1.65 per share. APD’s profit will be $405.51 million for 22.44 P/E if the $1.85 EPS becomes a reality. After $1.71 actual EPS reported by Air Products and Chemicals, Inc. for the previous quarter, Wall Street now forecasts 8.19 % EPS growth.

More news for Air Products and Chemicals, Inc. (NYSE:APD) were recently published by: Tucson.com, which released: “Versum Materials to Present at Stifel 2018 Cross Sector Insight Conference” on June 04, 2018. Prnewswire.com‘s article titled: “Air Products Will Introduce Its New Gas Density Sensor for Sintering Furnaces at POWDERMET 2018” and published on June 12, 2018 is yet another important article.

Air Products and Chemicals, Inc. (NYSE:APD) Ratings Coverage

Among 10 analysts covering Air Products and Chemicals (NYSE:APD), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Air Products and Chemicals had 14 analyst reports since January 26, 2018 according to SRatingsIntel. Seaport Global maintained the stock with “Buy” rating in Monday, January 29 report. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Buy” rating given on Monday, January 29 by Credit Suisse. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Outperform” rating given on Friday, February 9 by JP Morgan. SunTrust maintained the stock with “Buy” rating in Friday, January 26 report. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Buy” rating by Citigroup on Tuesday, January 30. Jefferies maintained the shares of APD in report on Monday, January 29 with “Buy” rating. JP Morgan downgraded the shares of APD in report on Monday, January 29 to “Neutral” rating. The firm earned “Hold” rating on Monday, January 29 by J.P. Morgan. J.P. Morgan upgraded the stock to “Buy” rating in Friday, February 9 report. On Tuesday, January 30 the stock rating was maintained by Susquehanna with “Buy”.

Air Products and Chemicals, Inc. (NYSE:APD) Institutional Positions Chart

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