Northern Trust Corp Acquires 7,150 Shares of Montana Technologies Co. (NASDAQ:AIRJ)

Northern Trust Corp raised its holdings in Montana Technologies Co. (NASDAQ:AIRJ) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,858 shares of the company’s stock after acquiring an additional 7,150 shares during the quarter. Northern Trust Corp owned about 0.06% of Montana Technologies worth $286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. U.S. Capital Wealth Advisors LLC boosted its stake in Montana Technologies by 19.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after acquiring an additional 3,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Montana Technologies by 26.3% in the fourth quarter. Geode Capital Management LLC now owns 236,349 shares of the company’s stock valued at $1,883,000 after acquiring an additional 49,244 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Montana Technologies by 72.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the company’s stock valued at $958,000 after acquiring an additional 50,486 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Montana Technologies by 66.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 145,324 shares of the company’s stock valued at $1,158,000 after acquiring an additional 57,824 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Montana Technologies in the fourth quarter valued at approximately $811,000. 63.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AIRJ has been the topic of a number of recent research reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Montana Technologies in a research note on Thursday, March 27th. Alliance Global Partners began coverage on shares of Montana Technologies in a research report on Monday, February 24th. They set a “buy” rating and a $11.00 price target on the stock.

Montana Technologies Stock Down 3.0%

Shares of NASDAQ AIRJ opened at $3.83 on Monday. The company’s fifty day moving average is $4.74 and its 200-day moving average is $7.01. The stock has a market cap of $214.47 million, a price-to-earnings ratio of 5.25 and a beta of 0.49. Montana Technologies Co. has a twelve month low of $3.74 and a twelve month high of $14.86.

Montana Technologies (NASDAQ:AIRJ) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. On average, research analysts anticipate that Montana Technologies Co. will post 4.97 EPS for the current fiscal year.

About Montana Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.