Insider Buying: Madison Air Solutions (NYSE:MAIR) Director Purchases $556,800.00 in Stock

Madison Air Solutions Corporation (NYSE:MAIR) Director Force Andrew Hudson La III bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $27.84 per share, for a total transaction of $556,800.00. Following the completion of the transaction, the director owned 36,713 shares of the company’s stock, valued at $1,022,089.92. This represents a 119.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Madison Air Solutions Trading Up 0.2%

MAIR stock traded up $0.05 during midday trading on Wednesday, hitting $28.04. The stock had a trading volume of 3,082,231 shares, compared to its average volume of 2,560,259. Madison Air Solutions Corporation has a 52 week low of $24.75 and a 52 week high of $44.50. The company has a quick ratio of 1.21, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The stock’s 50-day simple moving average is $33.70. The firm has a market capitalization of $14.07 billion and a price-to-earnings ratio of 0.00.

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

Institutional Trading of Madison Air Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Madison Air Solutions during the 2nd quarter worth about $1,659,000. Madison Asset Management LLC bought a new stake in shares of Madison Air Solutions during the second quarter worth approximately $3,215,000. Alyeska Investment Group L.P. acquired a new position in shares of Madison Air Solutions in the second quarter valued at approximately $67,411,000. Finally, Readystate Asset Management LP acquired a new position in Madison Air Solutions in the 2nd quarter valued at $16,029,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAIR. Barclays started coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set an “overweight” rating and a $45.00 target price on the stock. Wall Street Zen raised shares of Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Bank of America initiated coverage on shares of Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $47.00 price target for the company. Stifel Nicolaus dropped their price target on shares of Madison Air Solutions from $49.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Zacks Research cut shares of Madison Air Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Madison Air Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

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.