Retirement Systems of Alabama trimmed its position in Apergy Corp (NYSE:APY) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,266 shares of the company’s stock after selling 17,829 shares during the period. Retirement Systems of Alabama’s holdings in Apergy were worth $7,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Great West Life Assurance Co. Can grew its stake in Apergy by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 46,839 shares of the company’s stock worth $1,923,000 after purchasing an additional 552 shares during the period. Mason Street Advisors LLC grew its stake in Apergy by 1.5% in the first quarter. Mason Street Advisors LLC now owns 41,134 shares of the company’s stock worth $1,689,000 after purchasing an additional 623 shares during the period. Farmers National Bank purchased a new stake in Apergy in the first quarter worth $27,000. Brinker Capital Inc. grew its stake in Apergy by 6.4% in the first quarter. Brinker Capital Inc. now owns 12,066 shares of the company’s stock worth $495,000 after purchasing an additional 726 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Apergy by 38.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,764 shares of the company’s stock worth $113,000 after purchasing an additional 764 shares during the period. 92.10% of the stock is currently owned by institutional investors.

Several research firms have commented on APY. Wells Fargo & Co reissued a “buy” rating on shares of Helmerich & Payne in a report on Thursday, June 27th. Piper Jaffray Companies began coverage on Apergy in a report on Wednesday, April 3rd. They issued an “overweight” rating and a $41.03 target price on the stock. Jefferies Financial Group raised SALVATORE FERRA/ADR from an “underperform” rating to a “hold” rating in a report on Tuesday, June 25th. Bank of America reissued an “underperform” rating and issued a $1.25 target price (down from $4.50) on shares of Superior Energy Services in a report on Tuesday, June 25th. Finally, Barclays set a $82.00 target price on Baxter International and gave the stock a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $42.50.

Apergy stock traded down $0.26 during mid-day trading on Monday, hitting $31.60. The company had a trading volume of 21,849 shares, compared to its average volume of 510,698. The company has a market capitalization of $2.43 billion, a P/E ratio of 21.81, a PEG ratio of 1.39 and a beta of 2.19. The company has a quick ratio of 1.47, a current ratio of 2.63 and a debt-to-equity ratio of 0.59. Apergy Corp has a 12 month low of $25.85 and a 12 month high of $46.11. The business has a 50 day simple moving average of $31.78.

Apergy (NYSE:APY) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $306.05 million for the quarter, compared to the consensus estimate of $310.64 million. Apergy had a return on equity of 10.86% and a net margin of 7.60%. The firm’s revenue was up .1% on a year-over-year basis. Equities research analysts predict that Apergy Corp will post 1.4 EPS 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: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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