Osborn Williams & Donohoe LLC increased its holdings in Apergy Corp (NYSE:APY) by 25.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,588 shares of the company’s stock after acquiring an additional 2,587 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Apergy were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in APY. Inverness Counsel LLC NY grew its stake in shares of Apergy by 42.9% during the 4th quarter. Inverness Counsel LLC NY now owns 574,200 shares of the company’s stock valued at $15,549,000 after purchasing an additional 172,321 shares during the period. Federated Investors Inc. PA grew its stake in shares of Apergy by 239.8% during the 3rd quarter. Federated Investors Inc. PA now owns 103,833 shares of the company’s stock valued at $4,523,000 after purchasing an additional 73,277 shares during the period. Verition Fund Management LLC bought a new stake in shares of Apergy during the 3rd quarter valued at about $205,000. Northern Trust Corp grew its stake in shares of Apergy by 11.1% during the 4th quarter. Northern Trust Corp now owns 927,917 shares of the company’s stock valued at $25,128,000 after purchasing an additional 92,673 shares during the period. Finally, Palo Capital Inc. grew its stake in shares of Apergy by 142.8% during the 3rd quarter. Palo Capital Inc. now owns 37,823 shares of the company’s stock valued at $1,648,000 after purchasing an additional 22,243 shares during the period. 91.86% of the stock is owned by institutional investors.
A number of research firms have issued reports on APY. Cowen set a $42.00 price target on Apergy and gave the company a “buy” rating in a research note on Wednesday, February 20th. Piper Jaffray Companies started coverage on Apergy in a research report on Wednesday, April 3rd. They set an “overweight” rating and a $41.03 price objective on the stock. Johnson Rice raised Apergy from an “accumulate” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $48.00 in a research report on Monday, March 11th. Jefferies Financial Group lifted their price objective on Apergy to $49.00 and gave the company a “buy” rating in a research report on Monday, March 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Apergy from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a report on Wednesday, March 20th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $45.80.
NYSE:APY traded down $1.45 during trading hours on Friday, reaching $30.87. The stock had a trading volume of 831,700 shares, compared to its average volume of 481,167. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.53 and a quick ratio of 1.44. Apergy Corp has a 52 week low of $25.85 and a 52 week high of $46.11. The company has a market cap of $2.64 billion and a price-to-earnings ratio of 21.44.
Apergy (NYSE:APY) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Apergy had a return on equity of 11.40% and a net margin of 7.47%. The business had revenue of $301.70 million for the quarter, compared to the consensus estimate of $301.37 million. The company’s revenue was up 6.6% on a year-over-year basis. As a group, analysts anticipate that Apergy Corp will post 1.47 EPS for the current year.
In other news, CEO Sivasankaran Somasundaram sold 893 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $41.77, for a total transaction of $37,300.61. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 1,098 shares of company stock worth $45,850. Corporate insiders own 0.77% of the company’s stock.
Apergy Company Profile
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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