L’Air Liquide (OTCMKTS:AIQUY) Lowered to Neutral Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of L’Air Liquide (OTCMKTS:AIQUY) from an overweight rating to a neutral rating in a research report report published on Tuesday, MarketBeat Ratings reports.

Other analysts have also recently issued research reports about the stock. Redburn Atlantic upgraded shares of L’Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Citigroup reaffirmed a “buy” rating on shares of L’Air Liquide in a research note on Monday, March 24th.

L’Air Liquide Stock Performance

OTCMKTS AIQUY opened at $40.77 on Tuesday. L’Air Liquide has a fifty-two week low of $31.68 and a fifty-two week high of $40.88. The stock has a 50 day simple moving average of $38.40 and a two-hundred day simple moving average of $35.68. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32.

Hedge Funds Weigh In On L’Air Liquide

A number of institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of L’Air Liquide by 5.8% in the 4th quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock worth $1,986,000 after buying an additional 3,371 shares during the period. SVB Wealth LLC purchased a new stake in L’Air Liquide in the fourth 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. Boston Common Asset Management LLC lifted its holdings in shares of L’Air Liquide by 72.8% during the first quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company’s stock valued at $4,098,000 after purchasing an additional 45,612 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of L’Air Liquide by 5,687.4% in the 1st quarter. GAMMA Investing LLC now owns 175,995 shares of the basic materials company’s stock worth $6,691,000 after purchasing an additional 172,954 shares in the last quarter. Institutional investors own 0.01% of the company’s stock.

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.