Deutsche Bank AG Buys New Holdings in Loar Holdings, LLC (NYSE:LOAR)

Deutsche Bank AG bought a new stake in shares of Loar Holdings, LLC (NYSE:LOAR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 181,881 shares of the company’s stock, valued at approximately $13,443,000. Deutsche Bank AG owned 0.20% of Loar at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Barclays PLC raised its position in shares of Loar by 871.3% in the 3rd quarter. Barclays PLC now owns 2,943 shares of the company’s stock worth $219,000 after acquiring an additional 2,640 shares in the last quarter. Zweig DiMenna Associates LLC raised its position in shares of Loar by 4.4% in the 4th quarter. Zweig DiMenna Associates LLC now owns 172,750 shares of the company’s stock worth $12,768,000 after acquiring an additional 7,300 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Loar in the 4th quarter worth approximately $5,053,000. R Squared Ltd bought a new position in shares of Loar in the 4th quarter worth approximately $95,000. Finally, Renaissance Capital LLC raised its position in shares of Loar by 411.5% in the 4th quarter. Renaissance Capital LLC now owns 58,275 shares of the company’s stock worth $4,307,000 after acquiring an additional 46,883 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOAR. Morgan Stanley raised Loar from an “equal weight” rating to an “overweight” rating and set a $91.00 target price for the company in a research report on Thursday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Loar in a research report on Tuesday, April 1st. Finally, Citigroup raised their price objective on Loar from $91.00 to $99.00 and gave the company a “buy” rating in a research report on Thursday.

Loar Stock Up 0.6%

LOAR stock opened at $83.88 on Friday. The firm has a market cap of $7.85 billion and a PE ratio of 349.50. The business has a 50 day moving average of $80.88 and a 200 day moving average of $79.61. Loar Holdings, LLC has a twelve month low of $48.50 and a twelve month high of $99.67. 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 (NYSE:LOAR) last posted its earnings results on Monday, March 31st. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $110.40 million during the quarter, compared to the consensus estimate of $102.51 million. Loar’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, research analysts forecast that Loar Holdings, LLC will post 0.28 EPS for the current fiscal 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.