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.
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.
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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