Corient IA LLC Invests $757,000 in Air Liquide $AIQUY

Key Points

• Corient IA LLC has acquired a new stake in Air Liquide, purchasing 20,000 shares valued at approximately $757,000, as reported in their recent 13F filing.
• In addition to Corient IA LLC, several hedge funds, including Boston Common Asset Management LLC and GAMMA Investing LLC, have increased their holdings in Air Liquide during the first quarter of 2023.
• Air Liquide's stock price has seen an increase of 1.3% recently, with Wall Street analysts issuing mostly neutral ratings following recent reports.

Corient IA LLC purchased a new position in shares of Air Liquide (OTCMKTS:AIQUY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the basic materials company's stock, valued at approximately $757,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Air Liquide by 5,687.4% during the 1st quarter. GAMMA Investing LLC now owns 175,995 shares of the basic materials company's stock worth $6,691,000 after acquiring an additional 172,954 shares in the last quarter. Boston Common Asset Management LLC raised its stake in Air Liquide by 72.8% during the 1st quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock worth $4,098,000 after acquiring an additional 45,612 shares in the last quarter. Rhumbline Advisers raised its stake in Air Liquide by 14.7% during the 1st quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock worth $2,686,000 after acquiring an additional 9,055 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Air Liquide by 37.8% in the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 286 shares during the period. Finally, Accent Capital Management LLC acquired a new position in Air Liquide in the first quarter valued at $34,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Air Liquide Stock Performance

Shares of Air Liquide stock traded up $0.41 on Wednesday, reaching $42.97. 149,412 shares of the stock were exchanged, compared to its average volume of 253,050. Air Liquide has a 1-year low of $31.68 and a 1-year high of $43.12. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $40.92 and a two-hundred day moving average price of $39.63.

Analyst Upgrades and Downgrades

AIQUY has been the topic of a number of recent research reports. Santander initiated coverage on shares of Air Liquide in a research note on Tuesday, May 27th. They issued a "neutral" rating on the stock. JPMorgan Chase & Co. lowered shares of Air Liquide from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Air Liquide Profile

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.