Rhumbline Advisers Boosts Position in Air Liquide $AIQUY

Rhumbline Advisers grew its stake in Air Liquide (OTCMKTS:AIQUY) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,634 shares of the basic materials company’s stock after buying 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accent Capital Management LLC purchased a new stake in Air Liquide in the first quarter worth about $34,000. First Horizon Advisors Inc. increased its position in Air Liquide by 37.8% in the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company’s stock worth $40,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC increased its position in Air Liquide by 52.2% in the first quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company’s stock worth $176,000 after buying an additional 1,588 shares in the last quarter. Hancock Whitney Corp increased its position in Air Liquide by 3.2% in the first quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company’s stock worth $667,000 after buying an additional 547 shares in the last quarter. Finally, Corient IA LLC purchased a new stake in Air Liquide in the first quarter worth about $757,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

Air Liquide Stock Down 0.6%

OTCMKTS:AIQUY opened at $41.37 on Wednesday. The business has a 50 day simple moving average of $40.97 and a 200-day simple moving average of $40.42. Air Liquide has a 1 year low of $31.68 and a 1 year high of $43.12. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.34.

Analysts Set New Price Targets

Separately, Santander assumed coverage on Air Liquide in a research report on Tuesday, May 27th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.