Kestra Investment Management LLC Boosts Stake in Air Products and Chemicals

Kestra Investment Management LLC has increased its position in Air Products and Chemicals, Inc. (NYSE:APD) during the fourth quarter of 2024. The firm acquired additional shares of the basic materials company, reflecting growing investor confidence in APD's performance. This move comes as Air Products continues to execute its two-pillar growth strategy, focusing on expanding its core industrial gas business while advancing its clean hydrogen initiatives. The company has delivered significant shareholder value under CEO Seifi Ghasemi's leadership, with expanded adjusted EBITDA margins and strong earnings growth. Air Products remains committed to its long-term strategy of disciplined investments and value creation.

 

Source: MarketBeat