Otis Worldwide Corporation (OTIS) has experienced a churn in investment stakes. Various entities like
Quest Partners LLC, Mizuho Securities USA LLC, PNC Financial Services Group Inc., AMG National Trust Bank, Natixis Advisors LLC and others have reduced their positions in OTIS, while certain firms like Victory Capital Management Inc., ICICI Prudential Asset Management Co Ltd and others have bolstered their stakes. In an effort to optimize its financial structure, the company announced a
$600 million dollar offering and €850 million euro offering. Otis's stocks have shown volatile but consistent underperformance in the market. However, amidst the volatility, Zacks Research predicts reduced earnings for Otis Worldwide. Various insiders of the OTIS Corporation have sold stock, hinting at potential weakness in the company. Furthermore, OTIS missed the Q3 Earnings and Revenue Estimates, with a consensus rating of 'hold' from brokerages. Looking forward, Otis stockholders might seek an exit. Despite these setbacks, OTIS is taking strides in its strategic initiatives through acquisitions and executive appointments.
Otis Worldwide Corporation OTIS News Analytics from Wed, 12 Jun 2024 07:00:00 GMT to Sat, 23 Nov 2024 11:13:15 GMT -
Rating -2
- Innovation -5
- Information 7
- Rumor -4