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

Trexquant Investment LP lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 58.1% in the 4th quarter, HoldingsChannel.com reports. The fund 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 quarter.

A number of other large investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Carrier Global in the 4th quarter worth $795,000. Geode Capital Management LLC increased its position in Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after purchasing an additional 420,081 shares during the period. StoneX Group Inc. bought a new stake in shares of Carrier Global in the 4th quarter valued at about $914,000. B. Metzler seel. Sohn & Co. AG lifted its position in shares of Carrier Global by 8.0% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 35,459 shares of the company’s stock worth $2,420,000 after purchasing an additional 2,637 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 6.0 %

Shares of NYSE:CARR opened at $57.06 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The stock has a market cap 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 business has a 50-day moving average price of $65.27 and a 200-day moving average price of $71.31.

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Citigroup cut their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada lowered their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays reduced their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $82.27.

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.