Airgas (ARG) : Financial Architects Inc scooped up 4,752 additional shares in Airgas during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 17,596 shares of Airgas which is valued at $2,515,172.Airgas makes up approximately 0.91% of Financial Architects Inc’s portfolio.
Other Hedge Funds, Including , Global X Management Co boosted its stake in ARG in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 393 shares of Airgas which is valued at $56,042. Stephens Investment Management Group sold out all of its stake in ARG during the most recent quarter. The investment firm sold 101,460 shares of ARG which is valued $14,468,196.Retirement Systems Of Alabama reduced its stake in ARG by selling 587 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 33,043 shares of ARG which is valued at $4,706,645. Airgas makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Russell Frank Co reduced its stake in ARG by selling 7,054 shares or 23.19% in the most recent quarter. The Hedge Fund company now holds 23,368 shares of ARG which is valued at $3,328,538. Airgas makes up approx 0.01% of Russell Frank Co’s portfolio.
Airgas opened for trading at $142.58 and hit $143.05 on the upside on Friday, eventually ending the session at $142.94, with a gain of 0.27% or 0.39 points. The heightened volatility saw the trading volume jump to 21,08,356 shares. Company has a market cap of $10,407 M.
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.