AlphaCrest Capital Management LLC decreased its position in shares of Carrier Global Co. (NYSE:CARR – Get Rating) by 37.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,120 shares of the company’s stock after selling 10,088 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Carrier Global were worth $609,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CARR. Renaissance Technologies LLC lifted its holdings in Carrier Global by 126.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,306,931 shares of the company’s stock worth $243,429,000 after buying an additional 2,958,400 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Carrier Global by 129.8% in the 3rd quarter. Fisher Asset Management LLC now owns 4,882,359 shares of the company’s stock valued at $173,617,000 after purchasing an additional 2,757,618 shares during the period. Invesco Ltd. lifted its stake in shares of Carrier Global by 59.5% in the 1st quarter. Invesco Ltd. now owns 4,948,588 shares of the company’s stock valued at $226,992,000 after purchasing an additional 1,845,419 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Carrier Global in the 3rd quarter valued at $42,985,000. Finally, Scout Investments Inc. lifted its stake in shares of Carrier Global by 185.0% in the 3rd quarter. Scout Investments Inc. now owns 1,143,791 shares of the company’s stock valued at $40,673,000 after purchasing an additional 742,446 shares during the period. Institutional investors and hedge funds own 85.21% of the company’s stock.
Insider Transactions at Carrier Global
In other news, VP Nadia Villeneuve sold 20,538 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $45.45, for a total transaction of $933,452.10. Following the completion of the transaction, the vice president now directly owns 48,900 shares in the company, valued at approximately $2,222,505. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Nadia Villeneuve sold 20,538 shares of the stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $45.45, for a total transaction of $933,452.10. Following the completion of the transaction, the vice president now directly owns 48,900 shares in the company, valued at approximately $2,222,505. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kyle Crockett sold 10,433 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $45.85, for a total transaction of $478,353.05. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
Analysts Set New Price Targets
Carrier Global Price Performance
CARR stock opened at $47.39 on Thursday. The stock has a 50-day moving average price of $44.58 and a two-hundred day moving average price of $41.72. The stock has a market cap of $39.53 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.33. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.08. Carrier Global Co. has a 1 year low of $33.10 and a 1 year high of $49.17.
Carrier Global (NYSE:CARR – Get Rating) last released its earnings results on Tuesday, February 7th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Carrier Global had a return on equity of 26.86% and a net margin of 17.31%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. Equities analysts forecast that Carrier Global Co. will post 2.55 EPS for the current fiscal year.
About Carrier Global
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
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