Force Andrew Hudson La III Purchases 20,000 Shares of Madison Air Solutions (NYSE:MAIR) Stock

Madison Air Solutions Corporation (NYSE:MAIR) Director Force Andrew Hudson La III bought 20,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $27.84 per share, with a total value of $556,800.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Madison Air Solutions Trading Down 4.3%

Shares of MAIR stock opened at $27.28 on Friday. Madison Air Solutions Corporation has a 1 year low of $24.75 and a 1 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. The business’s 50 day moving average is $33.29. The firm has a market capitalization of $13.69 billion and a price-to-earnings ratio of 0.00.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group began coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “neutral” rating and a $44.00 target price for the company. Robert W. Baird started coverage on Madison Air Solutions in a research report on Monday, May 11th. They issued an “outperform” rating and a $48.00 price objective for the company. Wall Street Zen raised Madison Air Solutions to a “hold” rating in a report on Sunday, July 12th. William Blair began coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada reduced their target price on shares of Madison Air Solutions from $47.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Two investment 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 MarketBeat, Madison Air Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Institutional Investors Weigh In On Madison Air Solutions

A number of institutional investors have recently made changes to their positions in MAIR. Bank of New York Mellon Corp bought a new stake in Madison Air Solutions in the second quarter valued at about $1,659,000. Madison Asset Management LLC bought a new position in Madison Air Solutions during the second quarter worth about $3,215,000. Amundi bought a new position in Madison Air Solutions during the second quarter worth about $6,406,000. Readystate Asset Management LP acquired a new position in shares of Madison Air Solutions during the 2nd quarter worth about $16,029,000. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Madison Air Solutions during the 2nd quarter worth about $67,411,000.

Madison Air Solutions Company 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.