Moody Aldrich Partners LLC Has $5.34 Million Position in Loar Holdings, LLC (NYSE:LOAR)

Moody Aldrich Partners LLC cut its holdings in Loar Holdings, LLC (NYSE:LOAR) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 72,310 shares of the company’s stock after selling 2,094 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Loar were worth $5,344,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LOAR. Lord Abbett & CO. LLC raised its position in shares of Loar by 71.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,009,558 shares of the company’s stock worth $75,303,000 after acquiring an additional 421,637 shares during the last quarter. State Street Corp raised its holdings in Loar by 413.3% during the 3rd quarter. State Street Corp now owns 416,531 shares of the company’s stock worth $31,069,000 after purchasing an additional 335,376 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Loar by 57.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 410,509 shares of the company’s stock valued at $30,620,000 after purchasing an additional 149,460 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Loar by 47.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 275,500 shares of the company’s stock valued at $20,550,000 after purchasing an additional 88,429 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Loar by 36.0% during the 3rd quarter. Franklin Resources Inc. now owns 188,766 shares of the company’s stock worth $14,556,000 after acquiring an additional 49,966 shares during the period.

Loar Stock Up 3.5 %

Shares of Loar stock opened at $79.41 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. The business has a 50-day moving average of $80.74 and a two-hundred day moving average of $75.90. Loar Holdings, LLC has a 1 year low of $42.57 and a 1 year high of $96.99.

Loar (NYSE:LOAR) last announced its earnings results on Wednesday, November 13th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $103.52 million for the quarter, compared to analyst estimates of $97.30 million. The business’s quarterly revenue was up 25.0% on a year-over-year basis. Analysts anticipate that Loar Holdings, LLC will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOAR. Morgan Stanley upped their price objective on Loar from $75.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Loar in a research report on Thursday, November 14th.

Insider Buying and Selling

In other Loar news, Director Raja Bobbili sold 987,248 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total transaction of $80,134,920.16. Following the sale, the director now directly owns 36,713,441 shares of the company’s stock, valued at $2,980,030,005.97. The trade was a 2.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael J. Manella sold 28,153 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $2,285,179.01. Following the completion of the transaction, the insider now owns 580,388 shares of the company’s stock, valued at $47,110,093.96. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,135,706 shares of company stock valued at $92,185,256.

Loar Profile

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.