New York State Teachers Retirement System Has $4.61 Million Stake in Apergy Corp (APY)

Share on StockTwits

New York State Teachers Retirement System lifted its position in shares of Apergy Corp (NYSE:APY) by 8.5% during the first quarter, HoldingsChannel.com reports. The firm owned 112,230 shares of the company’s stock after acquiring an additional 8,800 shares during the period. New York State Teachers Retirement System’s holdings in Apergy were worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Apergy by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 30,909 shares of the company’s stock worth $837,000 after purchasing an additional 401 shares during the period. American International Group Inc. grew its stake in shares of Apergy by 0.3% during the 4th quarter. American International Group Inc. now owns 157,649 shares of the company’s stock worth $4,269,000 after purchasing an additional 428 shares during the period. Neuburgh Advisers LLC grew its stake in shares of Apergy by 5.6% during the 4th quarter. Neuburgh Advisers LLC now owns 9,614 shares of the company’s stock worth $260,000 after purchasing an additional 506 shares during the period. Arizona State Retirement System grew its stake in shares of Apergy by 1.1% during the 4th quarter. Arizona State Retirement System now owns 55,511 shares of the company’s stock worth $1,503,000 after purchasing an additional 596 shares during the period. Finally, Eagle Asset Management Inc. grew its stake in shares of Apergy by 0.6% during the 4th quarter. Eagle Asset Management Inc. now owns 118,435 shares of the company’s stock worth $3,207,000 after purchasing an additional 687 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Sivasankaran Somasundaram sold 893 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $41.77, for a total transaction of $37,300.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 1,098 shares of company stock worth $45,850 in the last quarter. Insiders own 0.77% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Apergy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 6th. Piper Jaffray Companies assumed coverage on shares of Apergy in a research note on Wednesday, April 3rd. They set an “overweight” rating and a $41.03 price objective on the stock. Johnson Rice raised shares of Apergy from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $48.00 in a research note on Monday, March 11th. Jefferies Financial Group raised their price objective on shares of Apergy to $49.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. They noted that the move was a valuation call. Finally, Wells Fargo & Co started coverage on Apergy in a research report on Monday, March 4th. They set an “outperform” rating and a $52.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $45.80.

Shares of NYSE:APY opened at $30.87 on Friday. Apergy Corp has a 1 year low of $25.85 and a 1 year high of $46.11. The company has a market cap of $2.64 billion and a PE ratio of 21.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 2.53.

Apergy (NYSE:APY) last announced its earnings results on Tuesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Apergy had a return on equity of 11.40% and a net margin of 7.47%. The firm had revenue of $301.70 million for the quarter, compared to analyst estimates of $301.37 million. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts expect that Apergy Corp will post 1.47 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4353279/new-york-state-teachers-retirement-system-has-4-61-million-stake-in-apergy-corp-apy.html.

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.

Further Reading: Commodities

Want to see what other hedge funds are holding APY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apergy Corp (NYSE:APY).

Institutional Ownership by Quarter for Apergy (NYSE:APY)

Receive News & Ratings for Apergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apergy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report