Today, the Chairman, Pres. and CEO of Air Products and Chemicals (APD), Seifi Ghasemi, bought shares of APD for $3.2M.
Following Seifi Ghasemi’s last APD Buy transaction on February 01, 2016, the stock climbed by 35.2%. This recent transaction increases Seifi Ghasemi’s holding in the company by 5.15% to a total of $64.39 million.
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Based on Air Products and Chemicals’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.3 billion and quarterly net profit of $453 million. In comparison, last year the company earned revenue of $2.2 billion and had a net profit of $474 million. APD’s market cap is $34.53B and the company has a P/E ratio of 23.22. Currently, Air Products and Chemicals has an average volume of 719.7K.
Starting in January 2018, APD received 21 Buy ratings in a row. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $192.00, reflecting a 21.9% upside. Four different firms, including Barclays and Bernstein, currently also have a Buy rating on the stock.
Seifi Ghasemi’s trades have generated a 64.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Air Products & Chemicals, Inc. engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas; Industrial Gases-EMEA (Europe, Middle East, and Africa); Industrial Gases-Asia; Industrial Gases-Global; Materials Technologies; and Corporate and Other.
