Loar Holdings Inc. (NYSE:LOAR) Position Increased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its holdings in shares of Loar Holdings Inc. (NYSE:LOAR) by 2.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 29,716 shares of the company’s stock after purchasing an additional 729 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Loar were worth $2,099,000 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 business. Bank of New York Mellon Corp boosted its stake in Loar by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 87,621 shares of the company’s stock worth $6,190,000 after purchasing an additional 4,430 shares during the period. Huntleigh Advisors Inc. lifted its position in Loar by 1.6% in the 1st quarter. Huntleigh Advisors Inc. now owns 11,477 shares of the company’s stock worth $811,000 after buying an additional 182 shares in the last quarter. Amalgamated Bank lifted its position in Loar by 13.1% in the 1st quarter. Amalgamated Bank now owns 2,261 shares of the company’s stock worth $160,000 after buying an additional 261 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Loar by 25.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,830 shares of the company’s stock worth $271,000 after buying an additional 778 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Loar by 204.9% in the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company’s stock worth $26,000 after buying an additional 250 shares in the last quarter.

Analysts Set New Price Targets

LOAR has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Loar from $91.00 to $99.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $92.00 price target on shares of Loar in a report on Tuesday, April 1st. Morgan Stanley initiated coverage on shares of Loar in a research note on Friday, May 23rd. They issued an “overweight” rating and a $100.00 target price for the company. Finally, Wall Street Zen upgraded shares of Loar from a “hold” rating to a “buy” rating in a report on Sunday, June 22nd.

Loar Trading Down 2.0%

Shares of Loar stock opened at $78.87 on Wednesday. Loar Holdings Inc. has a 1 year low of $52.26 and a 1 year high of $99.67. The company has a current ratio of 5.13, a quick ratio of 3.21 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $7.38 billion, a PE ratio of 207.56 and a beta of 0.17. The firm’s 50 day moving average is $86.83 and its 200 day moving average is $79.26.

Insider Activity

In related news, insider Dirkson R. Charles sold 88,767 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $80.91, for a total transaction of $7,182,137.97. Following the transaction, the insider directly owned 4,043,005 shares of the company’s stock, valued at $327,119,534.55. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul S. Levy sold 175,923 shares of the company’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $80.91, for a total transaction of $14,233,929.93. Following the transaction, the director owned 8,012,580 shares in the company, valued at approximately $648,297,847.80. The trade was a 2.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,742,872 shares of company stock worth $464,655,774. Company insiders own 22.60% of the company’s stock.

About Loar

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.