Madison Asset Management LLC Purchases New Shares in Air Liquide $AIQUY

Madison Asset Management LLC acquired a new stake in Air Liquide (OTCMKTS:AIQUY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,520 shares of the basic materials company’s stock, valued at approximately $1,402,000.

Separately, GAMMA Investing LLC boosted its stake in shares of Air Liquide by 25.9% during the second quarter. GAMMA Investing LLC now owns 10,977 shares of the basic materials company’s stock worth $433,000 after buying an additional 2,259 shares during the period. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Air Liquide Stock Up 0.4%

Shares of Air Liquide stock opened at $38.98 on Friday. Air Liquide has a 52-week low of $32.88 and a 52-week high of $41.24. The company’s 50-day simple moving average is $39.50 and its 200-day simple moving average is $40.50. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley upgraded Air Liquide from an “underweight” rating to an “overweight” rating in a research report on Monday, July 20th. Citigroup reaffirmed a “buy” rating on shares of Air Liquide in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Air Liquide from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.