Madison Asset Management LLC Takes Position in Madison Air Solutions Corporation $MAIR

Madison Asset Management LLC bought a new position in Madison Air Solutions Corporation (NYSE:MAIR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 82,427 shares of the company’s stock, valued at approximately $3,215,000.

Separately, Bank of New York Mellon Corp bought a new position in Madison Air Solutions during the 2nd quarter valued at about $1,659,000.

Madison Air Solutions Price Performance

MAIR stock opened at $26.12 on Friday. Madison Air Solutions Corporation has a 12 month low of $25.84 and a 12 month high of $44.50. The business has a 50-day moving average of $34.45. The stock has a market cap of $13.10 billion and a P/E ratio of 0.00. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84.

Madison Air Solutions (NYSE:MAIR) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $991.30 million during the quarter. Madison Air Solutions’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Sell-side analysts forecast that Madison Air Solutions Corporation will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAIR. Robert W. Baird initiated coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They issued an “outperform” rating and a $48.00 price objective for the company. Wells Fargo & Company cut their target price 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 raised Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Jefferies Financial Group assumed coverage on Madison Air Solutions in a report on Tuesday, May 12th. They issued a “hold” rating and a $45.00 price target on the stock. Finally, Wolfe Research assumed coverage on Madison Air Solutions in a research note on Monday, May 11th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Madison Air Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.