Madison Asset Management LLC Makes New Investment in Air Liquide $AIQUY

Madison Asset Management LLC bought a new stake in Air Liquide (OTCMKTS:AIQUY) in the second quarter, HoldingsChannel reports. The institutional investor bought 35,520 shares of the basic materials company’s stock, valued at approximately $1,402,000.

Separately, GAMMA Investing LLC lifted its stake in shares of Air Liquide by 25.9% in the second quarter. GAMMA Investing LLC now owns 10,977 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 2,259 shares during the period. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Air Liquide Stock Performance

AIQUY stock opened at $38.98 on Friday. The stock’s 50 day moving average price is $39.50 and its 200 day moving average price is $40.50. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.37. Air Liquide has a 1 year low of $32.88 and a 1 year high of $41.24.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of Air Liquide in a report on Wednesday, July 29th. Zacks Research upgraded shares of Air Liquide from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley upgraded shares of Air Liquide from an “underweight” rating to an “overweight” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Air Liquide Company Profile

Air Liquide is a Paris‑headquartered multinational that develops, manufactures and supplies industrial and medical gases, related equipment and services. Founded in 1902, the company has grown into a major global supplier of gases such as oxygen, nitrogen, argon, hydrogen and a wide range of specialty gases used across industrial, healthcare and research applications.

Its core activities include on‑site gas production, bulk and packaged gas distribution (cylinders and cryogenic deliveries), installation and maintenance of gas handling and storage equipment, and engineering for large industrial gas projects.