Montana Technologies Co. (NASDAQ:AIRJ) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Montana Technologies Co. (NASDAQ:AIRJ) by 72.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,219 shares of the company’s stock after purchasing an additional 50,486 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Montana Technologies were worth $958,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC raised its position in shares of Montana Technologies by 19.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after purchasing an additional 3,000 shares during the last quarter. Heritage Financial Services LLC acquired a new position in Montana Technologies during the 4th quarter valued at approximately $99,000. Geode Capital Management LLC raised its holdings in shares of Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock worth $1,086,000 after buying an additional 4,905 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Montana Technologies during the third quarter worth $508,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Montana Technologies during the third quarter valued at $342,000. Institutional investors and hedge funds own 63.65% of the company’s stock.

Montana Technologies Trading Down 2.8 %

Shares of NASDAQ AIRJ opened at $4.87 on Monday. The stock has a market cap of $271.96 million, a price-to-earnings ratio of 25.63 and a beta of 0.20. Montana Technologies Co. has a 12 month low of $4.75 and a 12 month high of $21.78. The company has a 50 day simple moving average of $7.77 and a two-hundred day simple moving average of $7.47.

Montana Technologies (NASDAQ:AIRJ) last posted its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). Analysts forecast that Montana Technologies Co. will post 4.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AIRJ shares. HC Wainwright restated a “buy” rating and issued a $12.00 target price on shares of Montana Technologies in a research note on Thursday. Alliance Global Partners started coverage on Montana Technologies in a report on Monday, February 24th. They issued a “buy” rating and a $11.00 price objective on the stock.

Montana Technologies Company Profile

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.