Apergy Corp (NYSE:APY) shares shot up 5.4% during trading on Monday . The company traded as high as $27.85 and last traded at $27.51, 483,392 shares traded hands during mid-day trading. A decline of 8% from the average session volume of 525,399 shares. The stock had previously closed at $26.09.

A number of brokerages recently commented on APY. Wells Fargo & Co reissued a “buy” rating on shares of Apergy in a report on Thursday, June 27th. Jefferies Financial Group reduced their target price on Apergy from $48.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, June 25th. Zacks Investment Research downgraded Apergy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 3rd. Citigroup downgraded Apergy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $41.00 to $34.00 in a report on Tuesday, July 9th. Finally, Barclays set a $39.00 target price on Apergy and gave the stock a “buy” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.50.

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.47 and a current ratio of 2.63. The business has a fifty day simple moving average of $30.20 and a 200 day simple moving average of $35.55. The company has a market cap of $2.11 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.36 and a beta of 2.18.

Apergy (NYSE:APY) last released its earnings results on Wednesday, July 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company 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 company’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts expect that Apergy Corp will post 1.35 EPS for the current year.

Several institutional investors have recently made changes to their positions in APY. Nuveen Asset Management LLC raised its position in shares of Apergy by 140.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,575,259 shares of the company’s stock worth $52,834,000 after purchasing an additional 918,924 shares during the period. Janus Henderson Group PLC raised its position in shares of Apergy by 39.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,250,965 shares of the company’s stock worth $75,497,000 after purchasing an additional 632,150 shares during the period. Norges Bank acquired a new stake in shares of Apergy during the 4th quarter worth approximately $16,533,000. Bank of New York Mellon Corp raised its position in shares of Apergy by 18.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,401,157 shares of the company’s stock worth $114,074,000 after purchasing an additional 532,281 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in shares of Apergy by 460.7% during the 1st quarter. TimesSquare Capital Management LLC now owns 470,400 shares of the company’s stock worth $19,315,000 after purchasing an additional 386,500 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Apergy Company Profile (NYSE:APY)

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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