20,000 Shares in Air Liquide $AIQUY Purchased by Corient IA LLC

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 bought a new position in shares of Air Liquide (OTCMKTS:AIQUY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,000 shares of the basic materials company's stock, valued at approximately $757,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Air Liquide by 52.2% during the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock worth $176,000 after purchasing an additional 1,588 shares in the last quarter. Rhumbline Advisers boosted its stake in Air Liquide by 14.7% in the first quarter. Rhumbline Advisers now owns 70,634 shares of the basic materials company's stock valued at $2,686,000 after buying an additional 9,055 shares in the last quarter. Boston Common Asset Management LLC boosted its stake in Air Liquide by 72.8% in the first quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock valued at $4,098,000 after buying an additional 45,612 shares in the last quarter. Accent Capital Management LLC acquired a new stake in Air Liquide in the first quarter valued at about $34,000. Finally, First Horizon Advisors Inc. boosted 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 buying an additional 286 shares in the last quarter. 0.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AIQUY. JPMorgan Chase & Co. lowered Air Liquide from an "overweight" rating to a "neutral" rating in a research note on Tuesday, April 29th. Santander assumed coverage on Air Liquide in a research note on Tuesday, May 27th. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Air Liquide currently has an average rating of "Moderate Buy".

Air Liquide Stock Up 0.7%

OTCMKTS AIQUY traded up $0.29 during trading hours on Friday, hitting $42.81. 83,767 shares of the company's stock were exchanged, compared to its average volume of 250,915. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 0.34. Air Liquide has a 1-year low of $31.68 and a 1-year high of $43.12. The stock has a 50-day simple moving average of $40.94 and a 200 day simple moving average of $39.71.

Air Liquide Company 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.