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

Shares of Madison Air Solutions Corporation (NYSE:MAIR) gapped up before the market opened 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.

Analyst Ratings Changes

Several equities research analysts have 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. Stifel Nicolaus raised their target price on shares of Madison Air Solutions from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, November 9th. Royal Bank Of Canada reduced 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 report on Friday, November 6th. Citigroup reduced their price target on shares of Madison Air Solutions from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Finally, Zacks Research upgraded shares of Madison Air Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, November 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.30.

Madison Air Solutions Trading Down 0.1%

The company has a market capitalization of $14.06 billion and a P/E ratio of 0.00. The firm’s 50-day moving average price is $24.06 and its 200 day moving average price is $31.52. The company has a quick ratio of 1.21, a current ratio of 4.30 and a debt-to-equity ratio of 0.51.

Madison Air Solutions (NYSE:MAIR) last posted its quarterly earnings data 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 return on equity of 17.43% and a net margin of 5.09%. The business had revenue of $1.13 billion for the quarter. Madison Air Solutions’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts predict 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 the business’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $27.84 per share, with a total value of $556,800.00. Following the completion of the purchase, the director directly owned 36,713 shares in the company, valued at $1,022,089.92. This represents a 119.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Madison Air Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in Madison Air Solutions in the second quarter worth about $251,481,000. Pictet Asset Management Holding SA lifted its holdings in shares of Madison Air Solutions by 42.9% in the third 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. Alyeska Investment Group L.P. bought a new position in shares of Madison Air Solutions during the second quarter worth $67,411,000. Robeco Schweiz AG increased its holdings in Madison Air Solutions by 151.6% in the 3rd quarter. Robeco Schweiz AG now owns 1,537,926 shares of the company’s stock valued at $37,833,000 after acquiring an additional 926,619 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Madison Air Solutions in the second quarter worth about $23,790,000.

About Madison Air Solutions

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.