Bbva Compass Bancshares Inc. raised its position in Praxair Inc. (NYSE:PX) by 52.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 21,312 shares of the company’s stock after buying an additional 7,371 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Praxair were worth $2,395,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in shares of Praxair by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 1,168 shares of the company’s stock worth $126,000 after buying an additional 11 shares in the last quarter. High Point Bank & Trust Co. raised its stake in Praxair by 25.0% in the second quarter. High Point Bank & Trust Co. now owns 1,250 shares of the company’s stock worth $140,000 after buying an additional 250 shares during the last quarter. Advisory Services Network LLC raised its stake in Praxair by 23.5% in the second quarter. Advisory Services Network LLC now owns 1,383 shares of the company’s stock worth $155,000 after buying an additional 263 shares during the last quarter. Signaturefd LLC raised its stake in Praxair by 7.5% in the second quarter. Signaturefd LLC now owns 1,430 shares of the company’s stock worth $161,000 after buying an additional 100 shares during the last quarter. Finally, Cribstone Capital Management LLC bought a new stake in Praxair during the second quarter worth approximately $181,000. Hedge funds and other institutional investors own 83.76% of the company’s stock.
Shares of Praxair Inc. (NYSE:PX) traded up 1.28% on Tuesday, reaching $118.58. The company’s stock had a trading volume of 292,160 shares. The company’s 50-day moving average is $119.17 and its 200 day moving average is $116.12. Praxair Inc. has a 12-month low of $95.60 and a 12-month high of $125.00. The company has a market capitalization of $33.82 billion, a price-to-earnings ratio of 21.59 and a beta of 0.93.
Praxair (NYSE:PX) last released its earnings results on Thursday, July 28th. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.03. Praxair had a return on equity of 31.66% and a net margin of 15.09%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the company posted $1.45 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Praxair Inc. will post $5.51 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. Barclays PLC increased their price target on Praxair from $120.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th. Zacks Investment Research lowered Praxair from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup Inc. lowered their price target on Praxair from $123.00 to $122.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. Credit Suisse Group AG reissued a “hold” rating and issued a $117.00 price target on shares of Praxair in a research report on Friday, July 29th. Finally, Credit Agricole SA increased their price target on Praxair from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $118.57.
Praxair, Inc is an industrial gas supplier in North and South America, Asia and Europe. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, the Company operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.