Air Liquide (OTCMKTS:AIQUY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its position in Air Liquide (OTCMKTS:AIQUY - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,634 shares of the basic materials company's stock after purchasing an additional 9,055 shares during the quarter. Rhumbline Advisers' holdings in Air Liquide were worth $2,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in Air Liquide in the 4th quarter valued at about $248,000. Madison Investment Advisors LLC acquired a new stake in shares of Air Liquide during the fourth quarter valued at about $1,147,000. Boston Common Asset Management LLC lifted its holdings in shares of Air Liquide by 72.8% in 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 during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Air Liquide by 5,687.4% in 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 during the last quarter. Institutional investors and hedge funds own 0.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AIQUY. Citigroup reissued a "buy" rating on shares of Air Liquide in a research report on Monday, March 24th. Santander assumed coverage on Air Liquide in a report on Tuesday, May 27th. They issued a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. cut Air Liquide from an "overweight" rating to a "neutral" rating in a report on Tuesday, April 29th.

Air Liquide Price Performance

AIQUY stock traded down $0.21 during mid-day trading on Thursday, reaching $41.59. The company had a trading volume of 152,640 shares, compared to its average volume of 169,860. The firm has a fifty day simple moving average of $41.00 and a 200 day simple moving average of $37.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.88 and a quick ratio of 0.65. Air Liquide has a fifty-two week low of $31.68 and a fifty-two week high of $42.68.

Air Liquide Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Monday, May 19th were given a dividend of $0.5257 per share. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 1.26%.

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.