Analysts have upped the ante for MTU Aero Engines AG – Depositary Receipt (OTCPK:MTUAY) with a new one-year price target of 123.73 per share. This marks a considerable 5.31% increase from the previous estimate of 117.50, a forecast dated January 18, 2024.
The revised price target is a consensus derived from multiple analyst projections. Spanning from a low of 73.36 to a high of 159.24 per share, these varied estimates suggest an overall 5.71% rise from the most recent closing price of 117.05 per share.
Analysing Fund Sentiment
How are the numbers stacking up in terms of fund sentiment? Well, 311 funds or institutions have disclosed their stakes in MTU Aero Engines AG – Depositary Receipt (MTUAY). This reflects a decline of 1.27%, or 4 owners, over the last quarter. The average portfolio weight dedicated to MTUAY sits at 0.29%, showing a decrease of 12.47%. Notably, the total shares held by institutions have surged by 2.30% in the past three months, reaching 12,113K shares.
Insights into Shareholder Activity
The AEPGX – EUROPACIFIC GROWTH FUND currently boasts 2,558K shares in MTUAY. In their latest filing, the firm revealed ownership of 2,471K shares, marking a 3.38% surge. This signals a 20.44% decrease in the firm’s portfolio allocation towards MTUAY in the previous quarter.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares holds 730K shares. The firm reported ownership of 720K shares in the past, showing a 1.39% uptick. However, there was a 9.38% reduction in portfolio allocation towards MTUAY during the quarter.
MRSAX – MFS Research International Fund A has 631K shares in MTUAY. The firm previously held 582K shares, depicting a notable 7.71% increase. Their portfolio allocation towards MTUAY also saw a slight 2.96% decrease over the last quarter.
AMERICAN FUNDS INSURANCE SERIES – Growth Fund Class 1 possesses 542K shares in MTUAY, with no changes reported in the last quarter.
CWGIX – CAPITAL WORLD GROWTH & INCOME FUND maintains ownership of 489K shares in MTUAY, with no alterations recorded in the previous quarter.
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