Airgas VP Robert Jr. Young Unloads 12,238 Shares (ARG)
Airgas (NYSE:ARG) VP Robert Jr. Young sold 12,238 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $107.10, for a total value of $1,310,689.80. Following the completion of the transaction, the vice president now directly owns 13,578 shares of the company’s stock, valued at approximately $1,454,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
ARG has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Airgas has a consensus rating of “Hold” and an average target price of $109.56.
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 one year low of $78.49 and a one year high of $107.72. The stock’s 50-day moving average is $103.9 and its 200-day moving average is $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 for the quarter, missing the analysts’ 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 last year, the company posted $1.13 earnings per share. Airgas’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Airgas will post $5.06 EPS 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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