Apergy Corp (NYSE:APY) Position Boosted by Neuberger Berman Group LLC

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Neuberger Berman Group LLC boosted its stake in Apergy Corp (NYSE:APY) by 8.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,729,678 shares of the company’s stock after buying an additional 138,145 shares during the period. Neuberger Berman Group LLC’s holdings in Apergy were worth $71,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APY. Oregon Public Employees Retirement Fund grew its position in Apergy by 2,643.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 837,016 shares of the company’s stock valued at $31,000 after buying an additional 806,508 shares in the last quarter. Norges Bank bought a new position in Apergy in the 4th quarter valued at about $16,533,000. Van ECK Associates Corp grew its position in Apergy by 67.7% in the 4th quarter. Van ECK Associates Corp now owns 1,479,528 shares of the company’s stock valued at $40,066,000 after buying an additional 597,451 shares in the last quarter. Boston Partners boosted its position in shares of Apergy by 10.3% during the 4th quarter. Boston Partners now owns 5,795,996 shares of the company’s stock valued at $156,956,000 after purchasing an additional 540,246 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its position in shares of Apergy by 460.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 470,400 shares of the company’s stock valued at $19,315,000 after purchasing an additional 386,500 shares in the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Shares of NYSE:APY traded down $1.32 during trading hours on Wednesday, hitting $30.75. 121,880 shares of the company’s stock traded hands, compared to its average volume of 494,267. Apergy Corp has a 52 week low of $25.85 and a 52 week high of $46.11. The company has a current ratio of 2.53, a quick ratio of 1.44 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2.54 billion and a price-to-earnings ratio of 21.35.

Apergy (NYSE:APY) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Apergy had a net margin of 7.47% and a return on equity of 11.40%. The company had revenue of $301.70 million during the quarter, compared to analyst estimates of $301.37 million. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts forecast that Apergy Corp will post 1.47 earnings per share for the current year.

Several equities analysts have recently weighed in on APY shares. Jefferies Financial Group raised their price objective on shares of 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. Cowen set a $42.00 price objective on shares of Apergy and gave the company a “buy” rating in a research report on Wednesday, February 20th. Wells Fargo & Co started coverage on shares of Apergy in a research report on Monday, March 4th. They set an “outperform” rating and a $52.00 price objective for the company. Zacks Investment Research upgraded shares of Apergy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Johnson Rice upgraded shares of Apergy from an “accumulate” rating to a “buy” rating and raised their price objective for the company from $45.00 to $48.00 in a research report on Monday, March 11th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.80.

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Apergy 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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