Kopp Investment Advisors Has Decreased Its Holding in Akorn (AKRX) by $2.41 Million; As Air Products & Chemicals (APD) Valuation Rose, Dearborn Partners Has Raised Stake by $5.72 Million

December 8, 2017 - By Louis Casey

Dearborn Partners Llc increased its stake in Air Products & Chemicals Inc (APD) by 34.5% based on its latest 2017Q2 regulatory filing with the SEC. Dearborn Partners Llc bought 40,008 shares as the company’s stock rose 1.13% with the market. The institutional investor held 155,986 shares of the basic industries company at the end of 2017Q2, valued at $22.32 million, up from 115,978 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in Air Products & Chemicals Inc for a number of months, seems to be bullish on the $35.19 billion market cap company. The stock increased 0.35% or $0.56 during the last trading session, reaching $160.98. About 1.09M shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 9.23% since December 8, 2016 and is uptrending. It has underperformed by 7.47% the S&P500.

Kopp Investment Advisors Llc decreased its stake in Akorn Inc. (AKRX) by 38.24% based on its latest 2017Q2 regulatory filing with the SEC. Kopp Investment Advisors Llc sold 72,956 shares as the company’s stock rose 52.48% with the market. The institutional investor held 117,837 shares of the health care company at the end of 2017Q2, valued at $3.95M, down from 190,793 at the end of the previous reported quarter. Kopp Investment Advisors Llc who had been investing in Akorn Inc. for a number of months, seems to be less bullish one the $4.06B market cap company. The stock decreased 0.61% or $0.2 during the last trading session, reaching $32.49. About 1.33M shares traded. Akorn, Inc. (NASDAQ:AKRX) has risen 12.04% since December 8, 2016 and is uptrending. It has underperformed by 4.66% the S&P500.

Among 16 analysts covering Akorn Inc (NASDAQ:AKRX), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Akorn Inc has $48 highest and $24 lowest target. $34.80’s average target is 7.11% above currents $32.49 stock price. Akorn Inc had 36 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, March 18 the stock rating was maintained by Deutsche Bank with “Buy”. As per Wednesday, September 9, the company rating was initiated by JMP Securities. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Hold” rating given on Friday, September 15 by Piper Jaffray. The company was maintained on Monday, October 2 by RBC Capital Markets. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Hold” rating given on Friday, May 26 by RBC Capital Markets. As per Wednesday, March 23, the company rating was maintained by Jefferies. The stock of Akorn, Inc. (NASDAQ:AKRX) earned “Hold” rating by Jefferies on Monday, July 17. The rating was maintained by William Blair on Wednesday, March 23 with “Outperform”. The stock has “Hold” rating by Jefferies on Tuesday, September 5. The stock has “Hold” rating by Wallachbeth on Monday, November 7.

Dearborn Partners Llc, which manages about $1.48B and $1.35 billion US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 36,200 shares to 451,026 shares, valued at $24.91 million in 2017Q2, according to the filing.

Among 19 analysts covering Air Products & Chemicals (NYSE:APD), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Air Products & Chemicals had 46 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, October 7, the company rating was maintained by Susquehanna. Susquehanna upgraded the stock to “Positive” rating in Thursday, September 14 report. The company was reinitiated on Friday, January 22 by Bank of America. The firm earned “Hold” rating on Monday, April 4 by Deutsche Bank. Credit Suisse reinitiated the stock with “Outperform” rating in Thursday, March 24 report. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Buy” rating given on Monday, August 28 by Argus Research. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Neutral” rating by Citigroup on Monday, April 18. Jefferies maintained the stock with “Hold” rating in Thursday, August 17 report. Jefferies maintained the stock with “Hold” rating in Thursday, September 28 report. The stock of Air Products and Chemicals, Inc. (NYSE:APD) earned “Neutral” rating by Citigroup on Friday, July 15.

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