Air Liquide (OTCMKTS:AIQUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
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 also recently issued reports on the stock. UBS Group raised shares of Air Liquide from a “sell” rating to a “neutral” rating in a research report on Thursday, December 7th. Jefferies Group raised shares of Air Liquide from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Goldman Sachs Group raised shares of Air Liquide from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Air Liquide has an average rating of “Hold” and a consensus price target of $29.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC lifted its stake in Air Liquide by 71.3% in the 3rd quarter. Sterling Capital Management LLC now owns 17,069 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 7,102 shares in the last quarter. Lenox Wealth Management Inc. lifted its stake in Air Liquide by 52.9% in the 3rd quarter. Lenox Wealth Management Inc. now owns 93,336 shares of the basic materials company’s stock worth $2,490,000 after purchasing an additional 32,281 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Air Liquide by 16.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,159,939 shares of the basic materials company’s stock worth $30,947,000 after purchasing an additional 163,542 shares in the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.
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About Air Liquide
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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