926,619 Madison Air Solutions Corporation $MAIR Shares Bought by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG increased its Madison Air Solutions stake by 151.6% in the third quarter, acquiring 926,619 additional shares for a total holding of 1.54 million shares valued at approximately $37.8 million.
• Madison Air Solutions reported quarterly EPS of $0.31, beating estimates by $0.07, while revenue rose 20.9% year over year to $991.3 million.
• Shares opened at $22.72, near the company’s one-year low of $21.96. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $42.20, despite mixed individual recommendations.

Robeco Schweiz AG grew its stake in Madison Air Solutions Corporation (NYSE:MAIR - Free Report) by 151.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537,926 shares of the company's stock after acquiring an additional 926,619 shares during the period. Robeco Schweiz AG owned 0.31% of Madison Air Solutions worth $37,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MAIR. Citadel Advisors LLC bought a new stake in shares of Madison Air Solutions during the second quarter valued at approximately $251,481,000. Alyeska Investment Group L.P. acquired a new position in Madison Air Solutions during the 2nd quarter worth $67,411,000. BlueCrest Capital Management Ltd bought a new position in Madison Air Solutions in the 2nd quarter valued at $23,790,000. State Street Corp bought a new position in Madison Air Solutions in the 2nd quarter valued at $16,558,000. Finally, Readystate Asset Management LP bought a new position in Madison Air Solutions in the 2nd quarter valued at $16,029,000.

Insider Buying and Selling

In other Madison Air Solutions news, Director Hudson La Force, III bought 20,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was purchased at an average price of $27.84 per share, with a total value 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. The trade was a 119.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Madison Air Solutions Price Performance

Shares of NYSE:MAIR opened at $22.72 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.21 and a current ratio of 1.82. The firm has a market cap of $11.40 billion and a PE ratio of 0.00. The business's 50 day simple moving average is $25.00. Madison Air Solutions Corporation has a one year low of $21.96 and a one year high of $44.50.

Madison Air Solutions (NYSE:MAIR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The business had revenue of $991.30 million during the quarter. During the same quarter in the prior year, the company earned $0.24 EPS. Madison Air Solutions's revenue for the quarter was up 20.9% compared to the same quarter last year. Equities research analysts anticipate that Madison Air Solutions Corporation will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus set a $35.00 target price on Madison Air Solutions in a research note on Monday, October 19th. Wells Fargo & Company cut their price target on 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. Wall Street Zen upgraded Madison Air Solutions to a "hold" rating in a report on Sunday, July 12th. Zacks Research cut Madison Air Solutions from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. Finally, Royal Bank Of Canada lowered their price objective on Madison Air Solutions from $38.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.20.

Madison Air Solutions Profile

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that's two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn't just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.