United Services Automobile Association Lowers Stake in Carrier Global Co. (NYSE:CARR)

United Services Automobile Association decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,481 shares of the company’s stock after selling 644 shares during the quarter. United Services Automobile Association’s holdings in Carrier Global were worth $1,330,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. RFG Advisory LLC boosted its holdings in shares of Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after buying an additional 11,032 shares during the period. Cerity Partners LLC increased its stake in shares of Carrier Global by 39.0% during the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after acquiring an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Carrier Global during the 4th quarter worth about $2,213,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $66.15 on Monday. The firm has a market cap of $57.15 billion, a P/E ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The stock’s 50-day moving average is $66.32 and its two-hundred day moving average is $71.95.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the previous year, the business earned $0.53 earnings per share. Analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Citigroup lowered their price target 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. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Finally, Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Five 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.53.

About Carrier Global

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.