Air Liquide SA (NASDAQ:AIQUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Air Liquide’s core business is to supply oxygen, nitrogen, hydrogen and many other gases and services to most industries (for example: steel, oil refining, chemicals, glass, electronics, healthcare, food processing, metallurgy, paper and aerospace). Their global presence (130 subsidiaries in more than 65 countries) allows them to combine the resources and expertise of a global enterprise with a powerful local presence based on independent customer-focused teams. “

A number of other equities research analysts have also weighed in on AIQUY. Deutsche Bank AG upgraded Air Liquide SA from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) upgraded Air Liquide SA from a “neutral” rating to a “buy” rating in a research note on Monday, October 2nd.

Shares of Air Liquide SA (NASDAQ AIQUY) traded up 0.509% during trading on Tuesday, hitting $24.685. The stock had a trading volume of 47,288 shares. Air Liquide SA has a one year low of $19.58 and a one year high of $27.53.

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Several hedge funds and other institutional investors have recently made changes to their positions in AIQUY. Parametric Portfolio Associates LLC lifted its holdings in shares of Air Liquide SA by 11.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,006,758 shares of the basic materials company’s stock worth $25,073,000 after purchasing an additional 105,430 shares during the last quarter. Lenox Wealth Management Inc. bought a new stake in Air Liquide SA during the 2nd quarter valued at $1,521,000. Geneva Advisors LLC raised its stake in Air Liquide SA by 104.8% during the 2nd quarter. Geneva Advisors LLC now owns 71,794 shares of the basic materials company’s stock valued at $1,788,000 after acquiring an additional 36,735 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Air Liquide SA by 5.1% during the 2nd quarter. Sterling Capital Management LLC now owns 9,967 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 488 shares in the last quarter.

Air Liquide SA Company Profile

L’Air Liquide SA (Air Liquide) is a France-based company engaged in providing gases, technologies and services for industry and health with a presence in over 80 countries. The Company’s segments include Gas & Services, Engineering & Construction, and Global Markets & Technologies. The Gas & Services activity is organized into four geographic regions: Europe, Americas, Asia-Pacific, and Middle East and Africa.

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