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ARB Corporation ( (AU:ARB) ) has provided an update.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in ARB Corporation Ltd, a company known for its automotive aftermarket products. This change in holding is primarily due to a series of transactions involving the borrowing and returning of shares, as well as purchases by an entity controlled by Morgan Stanley. The announcement indicates a shift in the voting securities held by Mitsubishi UFJ, potentially impacting its influence within the company.
The most recent analyst rating on (AU:ARB) stock is a Buy with a A$42.00 price target. To see the full list of analyst forecasts on ARB Corporation stock, see the AU:ARB Stock Forecast page.
More about ARB Corporation
YTD Price Performance: 0.83%
Average Trading Volume: 182,521
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.33B
See more data about ARB stock on TipRanks’ Stock Analysis page.