Airgas (ARG) : Omni Partners Llp added new position in Airgas during the most recent quarter end. The investment management firm now holds 58,100 shares of Airgas which is valued at $8.3 Million , the company said in a statement filed on May 13, 2016 with the SEC.Airgas makes up approximately 6.18% of Omni Partners Llp’s portfolio.
Other Hedge Funds, Including , Stone Run Capital reduced its stake in ARG by selling 22,650 shares or 36.55% in the most recent quarter. The Hedge Fund company now holds 39,325 shares of ARG which is valued at $5.6 Million. Airgas makes up approx 3.55% of Stone Run Capital’s portfolio.King Luther Capital Management Corp reduced its stake in ARG by selling 73,867 shares or 61.22% in the most recent quarter. The Hedge Fund company now holds 46,793 shares of ARG which is valued at $6.7 Million. Airgas makes up approx 0.07% of King Luther Capital Management Corp’s portfolio.Guardian Life Insurance Co Of America reduced its stake in ARG by selling 77 shares or 24.29% in the most recent quarter. The Hedge Fund company now holds 240 shares of ARG which is valued at $34,306. Airgas makes up approx 0.01% of Guardian Life Insurance Co Of America’s portfolio.State Treasurer State Of Michigan boosted its stake in ARG in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 22,421 shares of Airgas which is valued at $3.2 Million. Airgas makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Stephens Inc Ar reduced its stake in ARG by selling 15,484 shares or 54.68% in the most recent quarter. The Hedge Fund company now holds 12,833 shares of ARG which is valued at $1.8 Million. Airgas makes up approx 0.09% of Stephens Inc Ar’s portfolio.
On the company’s financial health, Airgas reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.17. The company had revenue of $1295.41 million for the quarter, compared to analysts expectations of $1335.45 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.23 EPS.
Airgas Inc. is a supplier of industrial medical and specialty gases and hard goods such as welding equipment and related products. The Company is also a producer of atmospheric gases carbon dioxide dry ice and nitrous oxide and a supplier of safety products refrigerants ammonia products and process chemicals. It operates through two segments: Distribution and All Other Operations. The Distribution segment offers a portfolio of related gas and hard goods products and services to the end customers. The All Other Operations segment consists of five business units which manufacture or distribute carbon dioxide dry ice nitrous oxide ammonia and refrigerant gases. It also offers supply chain management services and solutions and product and process technical support across many customer segments. It markets its products and services through multiple sales channels including branch-based sales representatives retail stores and strategic customer account programs among others.