Legal & General Group Plc bought a new position in Apergy Corp (NYSE:APY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 326,252 shares of the company’s stock, valued at approximately $13,621,000. Legal & General Group Plc owned about 0.42% of Apergy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in Apergy during the 2nd quarter valued at about $114,000. CIBC Private Wealth Group LLC bought a new stake in Apergy during the 2nd quarter worth approximately $122,000. Asset Advisors Corp bought a new stake in Apergy during the 2nd quarter worth approximately $125,000. First Quadrant L P CA bought a new stake in Apergy during the 2nd quarter worth approximately $182,000. Finally, UMB Bank N A MO bought a new stake in Apergy during the 2nd quarter worth approximately $201,000. 93.11% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on APY shares. Zacks Investment Research raised Apergy from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Monday, September 17th. Jefferies Financial Group began coverage on shares of Apergy in a research note on Tuesday, July 17th. They set a “buy” rating and a $50.00 price target for the company. Citigroup raised their price target on shares of Apergy from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Finally, Cowen raised their price target on shares of Apergy from $37.00 to $39.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.67.

Shares of NYSE:APY traded up $0.57 during midday trading on Friday, hitting $45.17. The stock had a trading volume of 393,333 shares, compared to its average volume of 1,063,224. Apergy Corp has a 12 month low of $33.35 and a 12 month high of $46.11. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.31 and a quick ratio of 1.36.

Apergy (NYSE:APY) last released its earnings results on Thursday, July 26th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The company had revenue of $305.93 million for the quarter, compared to analyst estimates of $296.70 million. As a group, equities research analysts predict that Apergy Corp will post 1.42 earnings per share for the current fiscal year.

Apergy Profile

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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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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