Rhumbline Advisers Acquires 9,055 Shares of L'Air Liquide S.A. (OTCMKTS:AIQUY)

Rhumbline Advisers boosted its holdings in shares of L'Air Liquide S.A. (OTCMKTS:AIQUY - Free Report) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,634 shares of the basic materials company's stock after purchasing an additional 9,055 shares during the period. Rhumbline Advisers' holdings in L'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 recently added to or reduced their stakes in AIQUY. GAMMA Investing LLC raised its stake in shares of L'Air Liquide by 5,687.4% in the first quarter. GAMMA Investing LLC now owns 175,995 shares of the basic materials company's stock valued at $6,691,000 after acquiring an additional 172,954 shares during the last quarter. Boston Common Asset Management LLC raised its stake in shares of L'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 acquiring an additional 45,612 shares during the last quarter. Madison Investment Advisors LLC bought a new position in shares of L'Air Liquide in the fourth quarter valued at approximately $1,147,000. Finally, SVB Wealth LLC bought a new position in shares of L'Air Liquide in the fourth quarter valued at approximately $248,000. Institutional investors own 0.01% of the company's stock.

L'Air Liquide Trading Down 1.3%

AIQUY stock opened at $41.99 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 0.77. The company has a 50 day moving average price of $40.70 and a 200 day moving average price of $37.14. L'Air Liquide S.A. has a fifty-two week low of $31.68 and a fifty-two week high of $42.67.

L'Air Liquide Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Monday, May 19th were given a $0.5257 dividend. This represents a yield of 1.26%. The ex-dividend date of this dividend was Friday, May 16th.

Analyst Ratings Changes

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

L'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.

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