Capital Asset Advisory Services LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,657 shares of the company’s stock, valued at approximately $101,000.
Other large investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC lifted its position in Carrier Global by 673.8% in the fourth quarter. Simon Quick Advisors LLC now owns 650 shares of the company’s stock valued at $25,000 after purchasing an additional 566 shares during the period. Advisory Alpha LLC acquired a new stake in Carrier Global in the third quarter valued at about $26,000. Birchcreek Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter valued at about $26,000. Tacita Capital Inc acquired a new stake in Carrier Global in the fourth quarter valued at about $27,000. Finally, Ironwood Wealth Management LLC. acquired a new stake in Carrier Global in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.
Shares of CARR opened at $42.69 on Thursday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.80 and a quick ratio of 1.50. The firm has a 50 day simple moving average of $39.15 and a 200-day simple moving average of $37.30. Carrier Global Co. has a 1-year low of $12.26 and a 1-year high of $43.48.
Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Monday, February 8th. The company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Carrier Global had a return on equity of 24.00% and a net margin of 8.86%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Carrier Global’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Carrier Global Co. will post 1.68 EPS for the current year.
A number of brokerages recently commented on CARR. Morgan Stanley upgraded shares of Carrier Global from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $41.00 to $53.00 in a research report on Monday, March 29th. Barclays raised their price objective on shares of Carrier Global from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on shares of Carrier Global from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 15th. Cowen upgraded shares of Carrier Global from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $43.00 in a research report on Tuesday, March 16th. Finally, Zacks Investment Research downgraded shares of Carrier Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 10th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Carrier Global presently has a consensus rating of “Buy” and a consensus target price of $40.14.
About Carrier Global
There is no company description available for Carrier Global Corp.
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