Stock Traders Buy High Volume of Airline and Chemical Call Options (NYSE: APD)
Air Products and Chemicals, Inc. (NYSE: APD) saw unusual options trading on Thursday. Investors acquired 5,326 call options on the company. This represents an increase of approximately 416% over the typical daily volume of 1,033 call options.
Several analysts recently published reports on APD stocks. Mizuho began covering shares of Air Products and Chemicals in a report on Friday, November 5. They issued a “buy” note and a target price of $ 312.00 on the stock. Wolfe Research downgraded Air Products and Chemicals from an “outperformance” rating to a “peer performance” rating and lowered its target price for the company from $ 332.00 to $ 331.00 in a research report Thursday, December 9. Deutsche Bank Aktiengesellschaft raised its price target for aviation and chemicals from $ 315.00 to $ 340.00 and gave the company a “buy” rating in a research report published on Friday, November 5. Finally, BMO Capital Markets raised its target price for aviation and chemicals from $ 312.00 to $ 338.00 and gave the company an “outperformance” rating in a research report released on Friday, October 15. One analyst rated the stock with a sell rating, five issued a conservation rating, and eleven assigned a buy rating to the stock. According to data from MarketBeat.com, Air Products and Chemicals has a consensus rating of “Buy” and an average target price of $ 320.24.
The NYSE APD traded at $ 1.51 at midday Thursday, reaching $ 303.89. 433,294 shares of the company traded for an average volume of 1,008,469. Air Products and Chemicals has a one-year low at $ 245.75 and a one-year high at $ 316.39. The company has a fifty-day simple moving average of $ 298.75 and a 200-day simple moving average of $ 285.75. The company has a current ratio of 2.99, a quick ratio of 2.83, and a debt ratio of 0.51. The company has a market cap of $ 67.37 billion, a price / earnings ratio of 32.30, a P / E / G ratio of 2.72 and a beta of 0.79.
Air Products and Chemicals (NYSE: APD) last reported its results on Thursday, November 4. The basic materials company reported earnings per share of $ 2.51 for the quarter, beating the consensus estimate of $ 2.49 by $ 0.02. The company posted revenue of $ 2.84 billion for the quarter, compared to a consensus estimate of $ 2.67 billion. Air Products and Chemicals reported a return on equity of 14.92% and a net margin of 20.33%. The company’s revenue for the quarter increased 22.5% year-over-year. In the same quarter of the previous year, the company made EPS of $ 2.19. Equity research analysts forecast Air Products and Chemicals to post earnings per share of 10.38 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 14. Shareholders of record on Monday January 3 will receive a dividend of $ 1.50. This represents a dividend of $ 6.00 on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday December 31st. Air Products and Chemicals’ dividend payout ratio is currently 63.56%.
Meanwhile, CFO Melissa N. Schaeffer sold 318 shares of Air Products and Chemicals in a transaction on Wednesday, November 10. The stock was sold for an average price of $ 314.00, for a total trade of $ 99,852.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, Vice President Sean D. Major sold 6,000 shares of Air Products and Chemicals in a trade on Friday, December 3. The stock was sold for an average price of $ 288.96, for a total value of $ 1,733,760.00. Disclosure of this sale can be found here. Company insiders own 0.47% of the company’s shares.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Stephenson National Bank & Trust acquired a new position in Air Products and Chemicals shares in Q3 valued at $ 26,000. Lumature Wealth Partners LLC increased its stake in Air Products and Chemicals shares by 127.7% during the third quarter. Lumature Wealth Partners LLC now owns 107 shares of the basic materials company valued at $ 27,000 after purchasing an additional 60 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in Air Products and Chemicals shares during the third quarter valued at $ 28,000. Clearstead Trust LLC purchased a new position in Air Products and Chemicals shares during the third quarter valued at $ 35,000. Finally, Simon Quick Advisors LLC increased its stake in Air Products and Chemicals shares by 30.1% during the third quarter. Simon Quick Advisors LLC now owns 147 stocks of the basic materials company valued at $ 37,000 after purchasing 34 additional stocks in the last quarter. 81.88% of the shares are currently held by institutional investors.
Aviation and Chemicals Company Profile
Air Products & Chemicals, Inc is engaged in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas, Industrial Gases-EMEA (Europe, Middle East and Africa), Industrial Gases-Asia, Industrial Gases-Global and Corporate & Other. Industrial Gases segment – America, EMEA and Asia markets and produces atmospheric gases, such as oxygen, nitrogen, argon and noble gases, process gases, such as hydrogen, helium , carbon dioxide, carbon monoxide, syngas and specialty gases and equipment for gas production and processing, such as air separation units and non-cryogenic generators.
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