Stone Run Capital Lowers stake in Airgas (ARG)

Airgas (ARG) : Stone Run Capital reduced its stake in Airgas by 36.55% during the most recent quarter end. The investment management company now holds a total of 39,325 shares of Airgas which is valued at $5.6 Million after selling 22,650 shares in Airgas , the firm said in a disclosure report filed with the SEC on May 13, 2016.Airgas makes up approximately 3.55% of Stone Run Capital’s portfolio.

Other Hedge Funds, Including , Peak6 Investments sold out all of its stake in ARG during the most recent quarter. The investment firm sold 10,417 shares of ARG which is valued $1.5 Million.Bryn Mawr Trust Co reduced its stake in ARG by selling 700 shares or 23.33% in the most recent quarter. The Hedge Fund company now holds 2,300 shares of ARG which is valued at $327,980. Airgas makes up approx 0.02% of Bryn Mawr Trust Co’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in ARG by selling 302 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 15,174 shares of ARG which is valued at $2.2 Million. Airgas makes up approx 0.02% of Public Employees Retirement Association Of Colorado’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.

Leave a Reply

Airgas - Is it time to Sell?

Top Brokerage Firms are advising their investors on Airgas. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.