Madison Air Solutions (NYSE:MAIR) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Madison Air Solutions (NYSE:MAIR – Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

A number of other equities analysts also recently commented on the stock. Weiss Ratings downgraded shares of Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, September 28th. Citigroup lowered their target price on Madison Air Solutions from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday, November 6th. Royal Bank Of Canada dropped their target price on Madison Air Solutions from $35.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday, November 6th. Wall Street Zen upgraded Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. Finally, Wells Fargo & Company reduced their price target on Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.30.

Read Our Latest Stock Analysis on MAIR

Madison Air Solutions Trading Down 2.6%

NYSE:MAIR opened at $23.88 on Monday. Madison Air Solutions has a one year low of $20.85 and a one year high of $44.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.21 and a current ratio of 4.30. The firm has a market cap of $11.98 billion and a P/E ratio of 0.00. The firm has a 50-day simple moving average of $24.16 and a 200-day simple moving average of $31.68.

Madison Air Solutions (NYSE:MAIR – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.08. Madison Air Solutions had a net margin of 5.09% and a return on equity of 17.43%. The firm had revenue of $1.13 billion during the quarter. The firm’s revenue was up 25.4% on a year-over-year basis. Equities analysts anticipate that Madison Air Solutions will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling at Madison Air Solutions

In other news, Director Hudson La Force, III purchased 20,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the acquisition, the director owned 36,713 shares of the company’s stock, valued at approximately $1,022,089.92. This represents a 119.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Madison Air Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of MAIR. Citadel Advisors LLC acquired a new stake in Madison Air Solutions in the second quarter valued at approximately $251,481,000. Pictet Asset Management Holding SA increased its position in shares of Madison Air Solutions by 42.9% during the third quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock worth $155,908,000 after purchasing an additional 1,902,991 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Madison Air Solutions during the second quarter worth $67,411,000. Robeco Schweiz AG increased its position in shares of Madison Air Solutions by 151.6% during the third quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock worth $37,833,000 after purchasing an additional 926,619 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Madison Air Solutions during the 2nd quarter valued at $23,790,000.

Madison Air Solutions Company Profile

(Get Free Report)

Madison Air Solutions designs and manufactures heating, ventilation and air-conditioning (HVAC) equipment and indoor air quality systems. Its offerings include engineered air-handling solutions and related products used to manage air movement, temperature and filtration in buildings. The company serves commercial and industrial applications, including facilities that require specialized climate control and ventilation. Its products are used in settings such as data centers, healthcare facilities, educational institutions and other large buildings.

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