Quantbot Technologies LP Purchases Shares of 42,048 Loar Holdings, LLC (NYSE:LOAR)

Quantbot Technologies LP purchased a new stake in Loar Holdings, LLC (NYSE:LOAR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 42,048 shares of the company’s stock, valued at approximately $3,108,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOAR. Charles Schwab Investment Management Inc. raised its stake in Loar by 52.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 106,897 shares of the company’s stock valued at $7,973,000 after buying an additional 36,701 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Loar by 47.3% in the third quarter. Loomis Sayles & Co. L P now owns 275,500 shares of the company’s stock worth $20,550,000 after purchasing an additional 88,429 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Loar in the third quarter worth about $1,247,000. BNP Paribas Financial Markets raised its stake in shares of Loar by 3,444.3% in the third quarter. BNP Paribas Financial Markets now owns 10,633 shares of the company’s stock worth $793,000 after purchasing an additional 10,333 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Loar by 9.8% in the third quarter. Captrust Financial Advisors now owns 10,471 shares of the company’s stock worth $781,000 after purchasing an additional 938 shares during the last quarter.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.

Loar Stock Down 0.7 %

Loar stock opened at $64.95 on Friday. Loar Holdings, LLC has a 52 week low of $42.57 and a 52 week high of $96.99. The business’s 50-day moving average price is $72.44 and its 200 day moving average price is $77.21. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78.

Loar Company 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.