Viking Global Investors Reduces $190M in Air Products and Chemicals, Inc. ($APD)
Key Points
- Viking Global Investors changed its Air Products and Chemicals, Inc. ($APD) stake by 14.2% last quarter, cutting to 4,104,095 shares worth $1.15 billion.
- Wall Street's consensus rating on $APD is Buy and an average price target of $327.86.
- $APD last traded around $279.77.
Viking Global Investors reduced its position in Air Products and Chemicals, Inc. ($APD) by 14.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,104,095 shares of Air Products and Chemicals, Inc. after selling 678,439 shares during the quarter. Viking Global Investors's holdings in Air Products and Chemicals, Inc. were worth $1.15 billion as of its most recent filing.
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About Air Products and Chemicals, Inc.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, metals, manufacturing, electronics, energy production, medical, food, chemical and petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. Air Products and Chemicals, Inc. was founded in 1940 and is headquartered in Allentown, Pennsylvania.
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