US Bancorp DE Trims Stock Position in Loar Holdings, LLC (NYSE:LOAR)

US Bancorp DE reduced its stake in shares of Loar Holdings, LLC (NYSE:LOARFree Report) by 53.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,823 shares of the company’s stock after selling 3,186 shares during the quarter. US Bancorp DE’s holdings in Loar were worth $209,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC grew its position in shares of Loar by 159.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,066,525 shares of the company’s stock worth $78,827,000 after buying an additional 656,016 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Loar by 71.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,009,558 shares of the company’s stock worth $75,303,000 after buying an additional 421,637 shares during the period. State Street Corp grew its position in shares of Loar by 413.3% in 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 period. Loomis Sayles & Co. L P grew its position 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 worth $20,550,000 after buying an additional 88,429 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Loar by 36.0% in the 3rd quarter. Franklin Resources Inc. now owns 188,766 shares of the company’s stock worth $14,556,000 after buying an additional 49,966 shares during the period.

Wall Street Analyst Weigh In

LOAR has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Loar from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Morgan Stanley upped their target price 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.

Check Out Our Latest Stock Analysis on Loar

Loar Trading Up 4.0 %

Shares of Loar stock opened at $66.01 on Friday. The firm’s 50-day moving average is $73.26 and its 200 day moving average is $77.43. Loar Holdings, LLC has a 1 year low of $42.57 and a 1 year high of $96.99. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78.

About Loar

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Loar (NYSE:LOAR)

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