Osborn Williams & Donohoe LLC Has $518,000 Position in Apergy Corp (APY)

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.

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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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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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