Loar Holdings, LLC (NYSE:LOAR) Stock Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Loar Holdings, LLC (NYSE:LOARFree Report) by 210.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,191 shares of the company’s stock after acquiring an additional 56,371 shares during the quarter. Bank of New York Mellon Corp owned 0.09% of Loar worth $6,149,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Loar during the fourth quarter worth $61,000. Captrust Financial Advisors raised its holdings in Loar by 9.8% during the third quarter. Captrust Financial Advisors now owns 10,471 shares of the company’s stock valued at $781,000 after buying an additional 938 shares in the last quarter. R Squared Ltd bought a new position in Loar during the fourth quarter valued at about $95,000. Geode Capital Management LLC grew its position in shares of Loar by 1.5% in the third quarter. Geode Capital Management LLC now owns 175,575 shares of the company’s stock valued at $13,100,000 after purchasing an additional 2,551 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Loar by 871.3% in the third quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $219,000 after purchasing an additional 2,640 shares during the last quarter.

Loar Trading Up 4.0 %

LOAR stock opened at $66.01 on Monday. The company has a 50 day moving average price of $73.26 and a 200 day moving average price of $77.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar Holdings, LLC has a fifty-two week low of $42.57 and a fifty-two week high of $96.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LOAR shares. Morgan Stanley lifted their target price on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Royal Bank of Canada cut their price target on shares of Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.

Get Our Latest Stock Report on Loar

Loar Company Profile

(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.

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Institutional Ownership by Quarter for Loar (NYSE:LOAR)

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