GAMMA Investing LLC Buys 172,954 Shares of L’Air Liquide S.A. (OTCMKTS:AIQUY)

GAMMA Investing LLC grew its stake in L’Air Liquide S.A. (OTCMKTS:AIQUY) by 5,687.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,995 shares of the basic materials company’s stock after purchasing an additional 172,954 shares during the quarter. GAMMA Investing LLC’s holdings in L’Air Liquide were worth $6,691,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. SVB Wealth LLC bought a new position in shares of L’Air Liquide in the 4th quarter worth about $248,000. Madison Investment Advisors LLC bought a new position in shares of L’Air Liquide during the fourth quarter valued at approximately $1,147,000. Rhumbline Advisers increased its position in L’Air Liquide by 5.8% during the 4th quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock valued at $1,986,000 after buying an additional 3,371 shares in the last quarter. Finally, Boston Common Asset Management LLC increased its position in L’Air Liquide by 72.8% during the 1st 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. 0.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AIQUY. JPMorgan Chase & Co. lowered L’Air Liquide from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 29th. Santander started coverage on L’Air Liquide in a report on Tuesday, May 27th. They set a “neutral” rating for the company. Finally, Citigroup restated a “buy” rating on shares of L’Air Liquide in a report on Monday, March 24th.

L’Air Liquide Trading Down 0.2%

OTCMKTS:AIQUY opened at $41.62 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. L’Air Liquide S.A. has a 12 month low of $31.68 and a 12 month high of $42.24. The company has a 50 day simple moving average of $40.26 and a two-hundred day simple moving average of $36.88.

L’Air Liquide Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.5257 per share. This represents a yield of 1.26%. The ex-dividend date is Friday, May 16th.

L’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.