Airgas CFO Robert Mclaughlin Unloads 23,300 Shares (ARG)
Airgas (NYSE:ARG) CFO Robert Mclaughlin sold 23,300 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.00, for a total value of $2,493,100.00. Following the completion of the transaction, the chief financial officer now directly owns 23,350 shares in the company, valued at approximately $2,498,450. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Airgas (NYSE:ARG) from $102.00 to $115.00 in a research note to investors on Thursday, August 8th. Separately, analysts at Jefferies Group raised their price target on shares of Airgas (NYSE:ARG) from $110.00 to $126.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Airgas (NYSE:ARG) from $90.00 to $107.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock.
One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $109.56.
Shares of Airgas (NYSE:ARG) traded down 0.91% during mid-day trading on Monday, hitting $104.39. The stock had a trading volume of 124,727 shares. Airgas has a 52 week low of $78.49 and a 52 week high of $107.72. The stock has a 50-day moving average of $103.9 and a 200-day moving average of $100.2. The company has a market cap of $7.673 billion and a price-to-earnings ratio of 24.29.
Airgas (NYSE:ARG) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Airgas will post $5.06 earnings per share for the current fiscal year.
Airgas, Inc (NYSE:ARG) is a distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods, such as welding equipment and supplies.
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