Janus Henderson Group PLC Purchases 632,150 Shares of Apergy Corp (NYSE:APY)

Share on StockTwits

Janus Henderson Group PLC boosted its position in shares of Apergy Corp (NYSE:APY) by 39.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,250,965 shares of the company’s stock after purchasing an additional 632,150 shares during the quarter. Janus Henderson Group PLC owned about 2.91% of Apergy worth $75,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Farmers National Bank acquired a new position in Apergy during the 1st quarter worth approximately $27,000. Bremer Bank National Association acquired a new stake in shares of Apergy in the 1st quarter valued at approximately $41,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Apergy in the 2nd quarter valued at approximately $35,000. Private Capital Group LLC boosted its holdings in shares of Apergy by 276.1% in the 1st quarter. Private Capital Group LLC now owns 1,873 shares of the company’s stock valued at $77,000 after buying an additional 1,375 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Apergy by 38.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,764 shares of the company’s stock valued at $113,000 after buying an additional 764 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on APY. Citigroup downgraded Apergy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $41.00 to $34.00 in a report on Tuesday, July 9th. Jefferies Financial Group cut their price objective on Apergy from $48.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, June 25th. Barclays set a $39.00 price objective on Apergy and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America reissued a “buy” rating and issued a $40.00 price objective (down previously from $51.00) on shares of Apergy in a report on Tuesday, June 25th. Finally, Zacks Investment Research downgraded Apergy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Apergy has an average rating of “Buy” and a consensus price target of $42.50.

APY traded up $0.11 during trading hours on Friday, reaching $28.25. The company’s stock had a trading volume of 673,491 shares, compared to its average volume of 462,570. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.47 and a current ratio of 2.63. The firm has a market cap of $2.18 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.41 and a beta of 2.28. The company’s 50-day moving average is $28.39 and its 200-day moving average is $34.82. Apergy Corp has a 52 week low of $23.80 and a 52 week high of $46.11.

Apergy (NYSE:APY) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $306.05 million for the quarter, compared to analysts’ expectations of $310.64 million. Apergy had a return on equity of 10.86% and a net margin of 7.60%. The business’s revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Apergy Corp will post 1.35 earnings per share for the current fiscal year.

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.

Further Reading: How much can an individual set aside as a catch-up contribution?

Institutional Ownership by Quarter for Apergy (NYSE:APY)

Receive News & Ratings for Apergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apergy and related companies with MarketBeat.com's FREE daily email newsletter.