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Mirae Asset increased its Otis Worldwide stake, despite the company's Q1 earnings mixed results.
Mirae Asset Global Investments increased its stake in Otis Worldwide by 7.3%, holding 66,401 shares worth $6,853,000.
Otis Worldwide's Q1 earnings per share were $0.92, beating estimates by $0.01, with revenue at $3.35 billion, slightly below forecasts.
Despite this, analysts predict the company will post an EPS of $4.04 for the year.
Otis Worldwide has a market cap of $39.09 billion and a P/E ratio of 25.99.
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Mirae Asset aumentó su participación en Otis Worldwide, a pesar de los resultados mixtos del primer trimestre de la compañía.