Madison Air Solutions (NYSE:MAIR) Shares Gap Up – What’s Next?

Madison Air Solutions Corporation (NYSE:MAIR) gapped up prior to trading on Friday. The stock had previously closed at $23.76, but opened at $24.63. Madison Air Solutions shares last traded at $23.83, with a volume of 36,371 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MAIR shares. Wells Fargo & Company reduced their price objective on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, August 3rd. Royal Bank Of Canada lowered their target price on shares of Madison Air Solutions from $35.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, November 6th. Citigroup decreased their price target 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. Weiss Ratings lowered Madison Air Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, September 28th. Finally, Stifel Nicolaus boosted their price objective on Madison Air Solutions from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.30.

Madison Air Solutions Stock Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 4.30 and a quick ratio of 1.21. The company’s fifty day simple moving average is $24.10 and its two-hundred day simple moving average is $31.57. The stock has a market cap of $12.00 billion and a price-to-earnings ratio of 0.00.

Madison Air Solutions (NYSE:MAIR) last posted its earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.13 billion for the quarter. The business’s revenue was up 25.4% on a year-over-year basis. On average, analysts forecast that Madison Air Solutions Corporation will post 1.13 earnings per share for the current year.

Insider Transactions at Madison Air Solutions

In other news, Director Hudson La Force, III bought 20,000 shares of Madison Air Solutions stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average price of $27.84 per share, for a total transaction of $556,800.00. Following the purchase, the director directly owned 36,713 shares in the company, valued at $1,022,089.92. The trade was a 119.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Diversified Trust Co purchased a new position in Madison Air Solutions during the third quarter worth about $312,000. Russell Investments Group Ltd. purchased a new stake in Madison Air Solutions in the 3rd quarter valued at about $2,481,000. Simplex Trading LLC increased its stake in Madison Air Solutions by 20.6% in the 3rd quarter. Simplex Trading LLC now owns 2,815 shares of the company’s stock valued at $69,000 after buying an additional 481 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Madison Air Solutions by 42.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 6,337,704 shares of the company’s stock worth $155,908,000 after buying an additional 1,902,991 shares in the last quarter. Finally, Robeco Schweiz AG lifted its position in shares of Madison Air Solutions by 151.6% during the 3rd quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock worth $37,833,000 after buying an additional 926,619 shares in the last quarter.

Madison Air Solutions Company Profile

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.