Magnetar Financial LLC Boosts Stock Position in Carrier Global Corporation $CARR

Magnetar Financial LLC boosted its stake in shares of Carrier Global Corporation (NYSE:CARR) by 851.2% in the third quarter, Holdings Channel reports. The fund owned 111,189 shares of the company’s stock after purchasing an additional 99,500 shares during the period. Magnetar Financial LLC’s holdings in Carrier Global were worth $6,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Sarl increased its holdings in shares of Carrier Global by 6.4% in the third quarter. Capital International Sarl now owns 842,621 shares of the company’s stock valued at $50,304,000 after purchasing an additional 50,325 shares during the period. Capital International Inc. CA raised its stake in shares of Carrier Global by 11.8% during the third quarter. Capital International Inc. CA now owns 1,247,580 shares of the company’s stock worth $74,481,000 after purchasing an additional 132,124 shares during the last quarter. Causeway Capital Management LLC acquired a new stake in shares of Carrier Global during the third quarter worth $87,549,000. Capital International Investors lifted its holdings in shares of Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after purchasing an additional 3,630,524 shares during the period. Finally, Bank of Montreal Can grew its position in Carrier Global by 18.6% in the 3rd quarter. Bank of Montreal Can now owns 615,606 shares of the company’s stock valued at $36,752,000 after buying an additional 96,396 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Down 0.7%

NYSE:CARR opened at $58.33 on Wednesday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The stock has a fifty day moving average price of $59.71 and a two-hundred day moving average price of $58.34. The stock has a market capitalization of $48.73 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.39 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Carrier Global’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Mizuho reduced their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. UBS Group dropped their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Finally, The Goldman Sachs Group increased their price target on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.82.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.