L’Air Liquide Stock Set to Split on Friday, June 10th (OTCMKTS:AIQUY)

L’Air Liquide S.A. (OTCMKTS:AIQUYGet Rating) shares are going to split before the market opens on Friday, June 10th. The 11-10 split was announced on Friday, June 10th. The newly minted shares will be issued to shareholders after the closing bell on Friday, June 10th.

L’Air Liquide stock opened at $34.63 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.70 and a current ratio of 0.89. L’Air Liquide has a 52-week low of $29.82 and a 52-week high of $36.29. The firm has a 50 day moving average price of $34.55 and a two-hundred day moving average price of $34.15.

The company also recently declared a dividend, which will be paid on Thursday, June 9th. Shareholders of record on Friday, May 13th will be issued a dividend of $0.4939 per share. The ex-dividend date of this dividend is Thursday, May 12th. This represents a yield of 1.46%.

AIQUY has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of L’Air Liquide from €152.00 ($163.44) to €155.00 ($166.67) in a research report on Friday, February 18th. Credit Suisse Group initiated coverage on shares of L’Air Liquide in a research report on Tuesday, April 26th. They set an “outperform” rating for the company. Kepler Capital Markets downgraded shares of L’Air Liquide from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Barclays lifted their price target on shares of L’Air Liquide from €185.00 ($198.92) to €187.00 ($201.08) in a research report on Friday, April 22nd. Finally, UBS Group lifted their price target on shares of L’Air Liquide from €173.00 ($186.02) to €177.00 ($190.32) and gave the company a “buy” rating in a research report on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $150.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC raised its stake in shares of L’Air Liquide by 276.7% during the 3rd quarter. Ancora Advisors LLC now owns 1,228 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 902 shares during the period. Mar Vista Investment Partners LLC raised its stake in L’Air Liquide by 69.9% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 1,415 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 582 shares during the period. Private Capital Group LLC raised its stake in L’Air Liquide by 14.9% in the 4th quarter. Private Capital Group LLC now owns 3,999 shares of the basic materials company’s stock valued at $139,000 after acquiring an additional 520 shares during the period. PNC Financial Services Group Inc. raised its stake in L’Air Liquide by 4.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,239 shares of the basic materials company’s stock valued at $433,000 after acquiring an additional 546 shares during the period. Finally, Captrust Financial Advisors raised its stake in L’Air Liquide by 44.8% in the 1st quarter. Captrust Financial Advisors now owns 14,588 shares of the basic materials company’s stock valued at $510,000 after acquiring an additional 4,512 shares during the period. Institutional investors own 0.02% of the company’s stock.

L’Air Liquide Company Profile (Get Rating)

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. The company's Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.

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