Barclays PLC Has $219,000 Position in Loar Holdings, LLC (NYSE:LOAR)

Barclays PLC raised its position in Loar Holdings, LLC (NYSE:LOAR) by 871.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,943 shares of the company’s stock after acquiring an additional 2,640 shares during the quarter. Barclays PLC’s holdings in Loar were worth $219,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Abrams Capital Management L.P. acquired a new stake in shares of Loar during the 2nd quarter worth about $2,052,780,000. Federated Hermes Inc. acquired a new stake in shares of Loar during the 2nd quarter worth about $38,952,000. State Street Corp lifted its stake in shares of 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 buying an additional 335,376 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of Loar during the 2nd quarter worth about $13,085,000. Finally, TimesSquare Capital Management LLC lifted its stake in shares of Loar by 57.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 410,509 shares of the company’s stock worth $30,620,000 after buying an additional 149,460 shares during the last quarter.

Insider Buying and Selling

In other news, Chairman Brett N. Milgrim sold 120,305 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $9,765,156.85. Following the transaction, the chairman now owns 3,865,327 shares in the company, valued at approximately $313,748,592.59. The trade was a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael J. Manella sold 28,153 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $2,285,179.01. Following the completion of the transaction, the insider now owns 580,388 shares in the company, valued at $47,110,093.96. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,706 shares of company stock worth $92,185,256 in the last ninety days.

Wall Street Analyst Weigh In

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

Loar Stock Up 0.2 %

LOAR stock opened at $76.44 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar Holdings, LLC has a 12 month low of $42.57 and a 12 month high of $96.99. The company’s 50-day moving average price is $83.41 and its two-hundred day moving average price is $73.42.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $103.52 million during 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. On average, analysts predict that Loar Holdings, LLC will post 0.28 EPS for the current year.

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.