Trexquant Investment LP Sells 93,257 Shares of Carrier Global Co. (NYSE:CARR)

Trexquant Investment LP lessened its holdings in Carrier Global Co. (NYSE:CARR) by 58.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,219 shares of the company’s stock after selling 93,257 shares during the period. Trexquant Investment LP’s holdings in Carrier Global were worth $4,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. increased its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $31,000. Meeder Asset Management Inc. boosted its stake in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after purchasing an additional 340 shares during the period. Roxbury Financial LLC purchased a new stake in Carrier Global during the 4th quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Carrier Global during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup lowered their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $57.06 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a market capitalization of $49.30 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 2.01 and a beta of 1.33. The firm’s 50-day moving average is $65.27 and its 200 day moving average is $71.31.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the business earned $0.53 EPS. Research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.