Gardner Lewis Asset Management L P buys $22 Million stake in Airgas (ARG)

Airgas (ARG) : Gardner Lewis Asset Management L P scooped up 71,010 additional shares in Airgas during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 154,010 shares of Airgas which is valued at $22 Million.Airgas makes up approximately 6.37% of Gardner Lewis Asset Management L P’s portfolio.

Other Hedge Funds, Including , Korea Investment Corp reduced its stake in ARG by selling 20,900 shares or 54.86% in the most recent quarter. The Hedge Fund company now holds 17,200 shares of ARG which is valued at $2.5 Million. Airgas makes up approx 0.02% of Korea Investment Corp’s portfolio.Teachers Advisors Inc boosted its stake in ARG in the latest quarter, The investment management firm added 5,400 additional shares and now holds a total of 71,749 shares of Airgas which is valued at $10.2 Million. Airgas makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in ARG in the latest quarter, The investment management firm added 1,370 additional shares and now holds a total of 242,809 shares of Airgas which is valued at $34.6 Million. Airgas makes up approx 0.05% of Schwab Charles Investment Management Inc’s portfolio.Rockefeller Financial Services Inc reduced its stake in ARG by selling 24,973 shares or 14.41% in the most recent quarter. The Hedge Fund company now holds 148,350 shares of ARG which is valued at $21.1 Million. Airgas makes up approx 0.41% of Rockefeller Financial Services Inc’s portfolio.

Airgas (ARG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $142.98 and reached the intraday high at $142.99. The bulls started the profit booking and pushed the shares to intraday low of $142.95. The trading session was marked by a volume range of 66,55,560 shares exchanging hands. The 52-week high of the shares is $143.05 and the 52-week low is $86.09. The market cap of the company stands at $10,408 M and there are 7,28,07,594 shares in public circulation.

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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