JPMorgan Chase & Co. Buys 2,697 Shares of TAT Technologies Ltd. (NASDAQ:TATT)

JPMorgan Chase & Co. increased its position in TAT Technologies Ltd. (NASDAQ:TATT) by 24.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,893 shares of the aerospace company’s stock after acquiring an additional 2,697 shares during the period. JPMorgan Chase & Co. owned about 0.14% of TAT Technologies worth $253,000 at the end of the most recent reporting period.

Separately, Meitav Investment House Ltd. lifted its holdings in shares of TAT Technologies by 136.4% during the third quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock valued at $17,762,000 after purchasing an additional 559,062 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Benchmark initiated coverage on shares of TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th.

TAT Technologies Trading Up 3.2 %

Shares of NASDAQ:TATT opened at $31.91 on Friday. The stock’s 50-day simple moving average is $26.39 and its two-hundred day simple moving average is $20.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The stock has a market capitalization of $322.29 million, a price-to-earnings ratio of 43.12 and a beta of 0.92. TAT Technologies Ltd. has a 52-week low of $10.51 and a 52-week high of $33.37.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.