Dynamic Technology Lab Private Ltd Sells 7,012 Shares of Apergy Corp (NYSE:APY)

Dynamic Technology Lab Private Ltd trimmed its stake in shares of Apergy Corp (NYSE:APY) by 41.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,747 shares of the company’s stock after selling 7,012 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Apergy were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APY. Texas Permanent School Fund boosted its holdings in shares of Apergy by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 52,521 shares of the company’s stock worth $2,157,000 after acquiring an additional 1,910 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Apergy by 11.1% in the 4th quarter. Northern Trust Corp now owns 927,917 shares of the company’s stock worth $25,128,000 after acquiring an additional 92,673 shares in the last quarter. Fulton Bank N.A. acquired a new position in shares of Apergy in the 1st quarter worth approximately $227,000. Chartwell Investment Partners LLC boosted its holdings in shares of Apergy by 2.1% in the 1st quarter. Chartwell Investment Partners LLC now owns 406,100 shares of the company’s stock worth $16,674,000 after acquiring an additional 8,440 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Apergy by 1.9% in the 4th quarter. Comerica Bank now owns 51,728 shares of the company’s stock worth $1,740,000 after acquiring an additional 943 shares in the last quarter. 92.26% of the stock is currently owned by institutional investors.

NYSE:APY opened at $32.05 on Friday. Apergy Corp has a 52-week low of $25.85 and a 52-week high of $46.11. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.44 and a current ratio of 2.53. The firm has a market cap of $2.37 billion and a price-to-earnings ratio of 21.40.

Apergy (NYSE:APY) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $301.37 million. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts expect that Apergy Corp will post 1.47 earnings per share for the current year.

Several brokerages have recently commented on APY. Cowen set a $42.00 target price on Apergy and gave the stock a “buy” rating in a report on Wednesday, February 20th. 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. Johnson Rice raised Apergy from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $48.00 in a report on Monday, March 11th. Jefferies Financial Group boosted their target price on Apergy to $49.00 and gave the stock a “buy” rating in a report on Monday, March 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Apergy from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $45.80.

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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.

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Institutional Ownership by Quarter for Apergy (NYSE:APY)

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