Longfellow Investment Management Co buys $12,143,130 stake in Airgas (ARG)

Airgas (ARG) : Longfellow Investment Management Co scooped up 25,385 additional shares in Airgas during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 85,515 shares of Airgas which is valued at $12,143,130.Airgas makes up approximately 6.16% of Longfellow Investment Management Co’s portfolio.

Airgas closed down -0.09 points or -0.06% at $141.91 with 4,43,548 shares getting traded on Monday. Post opening the session at $141.9, the shares hit an intraday low of $141.78 and an intraday high of $142 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Moon Capital Management added ARG to its portfolio by purchasing 16,125 company shares during the most recent quarter which is valued at $2,289,750. Airgas makes up approx 2.89% of Moon Capital Management’s portfolio.State Of Alaska Department Of Revenue boosted its stake in ARG in the latest quarter, The investment management firm added 53,481 additional shares and now holds a total of 54,375 shares of Airgas which is valued at $7,721,250. Airgas makes up approx 0.80% of State Of Alaska Department Of Revenue’s portfolio.Chevy Chase Trust Holdings boosted its stake in ARG in the latest quarter, The investment management firm added 2,609 additional shares and now holds a total of 55,002 shares of Airgas which is valued at $7,813,584. Airgas makes up approx 0.05% of Chevy Chase Trust Holdings’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.

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