Madison Investment Advisors LLC Purchases New Position in L'Air Liquide S.A. (OTCMKTS:AIQUY)

Madison Investment Advisors LLC bought a new position in shares of L'Air Liquide S.A. (OTCMKTS:AIQUY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 35,571 shares of the basic materials company's stock, valued at approximately $1,147,000.

Several other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in L'Air Liquide in the 4th quarter valued at $248,000. Rhumbline Advisers raised its stake in L'Air Liquide by 5.8% in the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company's stock valued at $1,986,000 after purchasing an additional 3,371 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in L'Air Liquide by 8.7% during the third quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company's stock worth $652,000 after purchasing an additional 1,356 shares during the period. 0.01% of the stock is currently owned by institutional investors.

L'Air Liquide Trading Up 0.5 %

OTCMKTS AIQUY traded up $0.20 on Wednesday, hitting $38.50. 213,202 shares of the company's stock were exchanged, compared to its average volume of 282,284. L'Air Liquide S.A. has a 52 week low of $31.68 and a 52 week high of $39.98. The stock has a 50-day moving average of $36.37 and a 200-day moving average of $35.49. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic raised shares of L'Air Liquide from a "hold" rating to a "strong-buy" rating in a report on Friday, January 24th.

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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.