Rhumbline Advisers Grows Holdings in Air Liquide $AIQUY

Key Points

• Rhumbline Advisers increased its stake in Air Liquide by 14.7%, owning 70,634 shares worth approximately $2.7 million as of the latest SEC filing.
• Air Liquide's stock price decreased by 0.6%, with analysts setting a consensus rating of "Moderate Buy" for the company.
• Other institutional investors also made moves, with First Horizon Advisors and GAMMA Investing increasing their positions in Air Liquide significantly, by 37.8% and 52.2% respectively.

Rhumbline Advisers raised its stake in Air Liquide (OTCMKTS:AIQUY - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,634 shares of the basic materials company's stock after acquiring an additional 9,055 shares during the quarter. Rhumbline Advisers' holdings in Air Liquide were worth $2,686,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of 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 first quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company's stock worth $4,098,000 after buying an additional 45,612 shares during the last quarter. Corient IA LLC bought a new stake in Air Liquide in the first quarter valued at $757,000. Accent Capital Management LLC acquired a new position in shares of Air Liquide during the first quarter valued at about $34,000. Finally, Hancock Whitney Corp grew its holdings in shares of Air Liquide by 3.2% during the first quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company's stock valued at $667,000 after buying an additional 547 shares during the last quarter. Institutional investors and hedge funds own 0.01% of the company's stock.

Air Liquide Trading Up 0.6%

Shares of OTCMKTS AIQUY traded up $0.25 during midday trading on Friday, hitting $41.41. The company's stock had a trading volume of 439,081 shares, compared to its average volume of 125,765. The stock has a fifty day moving average price of $40.97 and a 200 day moving average price of $40.47. Air Liquide has a one year low of $31.68 and a one year high of $43.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.84.

Analyst Upgrades and Downgrades

Separately, Santander initiated coverage on shares of Air Liquide in a report on Tuesday, May 27th. They set a "neutral" rating on the stock. One research 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 data from MarketBeat.com, Air Liquide currently has an average rating of "Moderate Buy".

About Air Liquide

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.