Vanguard Group Inc. cut its holdings in shares of Apergy Corp (NYSE:APY) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,905,285 shares of the company’s stock after selling 106,166 shares during the quarter. Vanguard Group Inc. owned approximately 8.93% of Apergy worth $300,794,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in APY. Ancora Advisors LLC purchased a new stake in Apergy in the 3rd quarter worth about $107,000. Envestnet Asset Management Inc. purchased a new stake in Apergy in the 2nd quarter worth about $105,000. Endurance Wealth Management Inc. purchased a new stake in Apergy in the 3rd quarter worth about $119,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in Apergy in the 2nd quarter worth about $119,000. Finally, Asset Advisors Investment Management LLC purchased a new stake in Apergy in the 3rd quarter worth about $131,000. 91.56% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE APY opened at $31.36 on Monday. Apergy Corp has a 52 week low of $25.85 and a 52 week high of $46.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.46 and a current ratio of 2.47.
Apergy (NYSE:APY) last issued its earnings results on Wednesday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Apergy had a return on equity of 10.99% and a net margin of 11.29%. The business had revenue of $316.47 million during the quarter, compared to the consensus estimate of $321.60 million. Research analysts predict that Apergy Corp will post 1.43 EPS for the current year.
APY has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $40.00 price objective on shares of Apergy in a report on Monday, December 17th. Wolfe Research initiated coverage on Apergy in a research note on Wednesday, October 10th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Apergy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Bank of America initiated coverage on Apergy in a research note on Monday, December 3rd. They issued a “buy” rating and a $40.00 target price for the company. Finally, Cowen restated a “hold” rating and issued a $40.00 target price on shares of Apergy in a research note on Monday, December 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Apergy currently has a consensus rating of “Buy” and a consensus price target of $42.75.
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Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. 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, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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