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

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

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Madison Air Solutions from $46.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, August 3rd. Bank of America began coverage on shares of Madison Air Solutions in a research note on Monday, May 11th. They set a “buy” rating and a $47.00 price objective on the stock. Stifel Nicolaus cut their price objective on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Robert W. Baird assumed 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. Finally, Wolfe Research began coverage on Madison Air Solutions in a report on Monday, May 11th. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Madison Air Solutions has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Madison Air Solutions Stock Performance

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

Madison Air Solutions (NYSE:MAIR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $991.30 million during the quarter. The firm’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities analysts predict that Madison Air Solutions Corporation will post 1.11 earnings per share for the current fiscal year.

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.