Mirae Asset Global Investments Co. Ltd. Makes New Investment in AirJoule Technologies Corporation $AIRJ

Mirae Asset Global Investments Co. Ltd. acquired a new stake in AirJoule Technologies Corporation (NASDAQ:AIRJ) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 220,000 shares of the company’s stock, valued at approximately $858,000.

A number of other institutional investors have also recently modified their holdings of AIRJ. State Street Corp increased its position in shares of AirJoule Technologies by 26.8% in the second quarter. State Street Corp now owns 552,042 shares of the company’s stock worth $3,058,000 after purchasing an additional 116,739 shares during the period. Renaissance Technologies LLC lifted its position in AirJoule Technologies by 36.8% during the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company’s stock worth $987,000 after purchasing an additional 105,700 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in AirJoule Technologies during the first quarter worth about $482,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in AirJoule Technologies during the third quarter worth about $426,000. Finally, Bank of New York Mellon Corp grew its stake in AirJoule Technologies by 23.4% during the first quarter. Bank of New York Mellon Corp now owns 65,113 shares of the company’s stock worth $163,000 after buying an additional 12,362 shares in the last quarter. 63.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AIRJ shares. B. Riley Financial raised their target price on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. UBS Group set a $10.00 price objective on shares of AirJoule Technologies in a research note on Monday, August 17th. Needham & Company LLC began coverage on shares of AirJoule Technologies in a research report on Monday, August 31st. They set a “hold” rating for the company. Finally, D. Boral Capital assumed coverage on shares of AirJoule Technologies in a research report on Friday, October 2nd. They set a “buy” rating and a $8.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.20.

AirJoule Technologies Stock Down 0.4%

Shares of AIRJ stock opened at $2.38 on Monday. AirJoule Technologies Corporation has a twelve month low of $2.07 and a twelve month high of $6.65. The company has a market cap of $174.57 million, a P/E ratio of -1.83 and a beta of 0.95. The business has a fifty day simple moving average of $3.64 and a 200 day simple moving average of $3.87.

AirJoule Technologies (NASDAQ:AIRJ) last released its earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.04). As a group, equities research analysts anticipate that AirJoule Technologies Corporation will post -0.09 earnings per share for the current fiscal year.

Insider Activity at AirJoule Technologies

In other news, CEO Matthew Jore sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $3.06, for a total value of $153,000.00. Following the sale, the chief executive officer directly owned 7,698,020 shares in the company, valued at approximately $23,555,941.20. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 50.90% of the company’s stock.

AirJoule Technologies Profile

AirJoule Technologies Corporation (NASDAQ:AIRJ) is a climate technology company focused on extracting water from atmospheric air and improving the efficiency of air-conditioning and dehumidification systems. Its technology is designed to capture water vapor using proprietary sorbent materials and separate it from air with comparatively low energy requirements.

The company’s AirJoule platform supports atmospheric water-generation systems that can produce water in locations where conventional water supplies are limited.