SVB Wealth LLC Acquires New Position in L’Air Liquide S.A. (OTCMKTS:AIQUY)

SVB Wealth LLC acquired a new stake in shares of L’Air Liquide S.A. (OTCMKTS:AIQUY) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,684 shares of the basic materials company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings 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. Hancock Whitney Corp raised its holdings in shares of L’Air Liquide by 8.7% in the 3rd quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 1,356 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of L’Air Liquide in the 3rd quarter valued at about $202,000. Institutional investors own 0.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Redburn Atlantic upgraded shares of L’Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th.

L’Air Liquide Stock Performance

OTCMKTS AIQUY opened at $39.19 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $34.49 and a 200 day moving average price of $35.29. L’Air Liquide S.A. has a 52 week low of $31.68 and a 52 week high of $39.54.

About L’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.