Bank of Montreal Can reduced its position in shares of Apergy Corp (NYSE:APY) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,369 shares of the company’s stock after selling 1,234 shares during the period. Bank of Montreal Can’s holdings in Apergy were worth $1,445,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Eagle Asset Management Inc. purchased a new position in shares of Apergy during the 3rd quarter worth about $5,129,000. First Quadrant L P CA lifted its holdings in shares of Apergy by 80.5% during the 3rd quarter. First Quadrant L P CA now owns 7,850 shares of the company’s stock worth $342,000 after acquiring an additional 3,500 shares during the period. Oakbrook Investments LLC purchased a new position in shares of Apergy during the 3rd quarter worth about $211,000. First Trust Advisors LP purchased a new position in shares of Apergy during the 3rd quarter worth about $3,136,000. Finally, Federated Investors Inc. PA lifted its holdings in shares of Apergy by 239.8% during the 3rd quarter. Federated Investors Inc. PA now owns 103,833 shares of the company’s stock worth $4,523,000 after acquiring an additional 73,277 shares during the period. 93.23% of the stock is currently owned by institutional investors.

NYSE APY opened at $35.49 on Thursday. Apergy Corp has a one year low of $25.85 and a one year high of $46.11. The company has a current ratio of 2.47, a quick ratio of 1.46 and a debt-to-equity ratio of 0.71.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Apergy from a “sell” rating to a “hold” rating in a report on Tuesday. Gabelli assumed coverage on shares of Apergy in a report on Wednesday, January 23rd. They set a “buy” rating and a $44.00 price objective on the stock. Cowen upgraded shares of Apergy from a “market perform” rating to an “outperform” rating in a report on Thursday, January 17th. They noted that the move was a valuation call. Johnson Rice assumed coverage on shares of Apergy in a report on Thursday, January 10th. They set an “accumulate” rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $40.00 price objective on shares of Apergy in a report on Monday, December 17th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Apergy has a consensus rating of “Buy” and an average price target of $42.89.

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Apergy Profile

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. 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, as well as automation 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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