R Squared Ltd Invests $95,000 in Loar Holdings, LLC (NYSE:LOAR)

R Squared Ltd acquired a new stake in Loar Holdings, LLC (NYSE:LOAR) in the fourth quarter, Holdings Channel reports. The firm acquired 1,286 shares of the company’s stock, valued at approximately $95,000.

Several other large investors have also bought and sold shares of LOAR. State Street Corp increased its stake in shares of Loar by 413.3% in the third quarter. State Street Corp now owns 416,531 shares of the company’s stock valued at $31,069,000 after buying an additional 335,376 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Loar during the 3rd quarter valued at approximately $2,667,000. The Manufacturers Life Insurance Company bought a new position in Loar during the 3rd quarter worth approximately $1,247,000. BNP Paribas Financial Markets lifted its position in shares of Loar by 3,444.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,633 shares of the company’s stock worth $793,000 after purchasing an additional 10,333 shares during the period. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Loar by 57.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 410,509 shares of the company’s stock valued at $30,620,000 after purchasing an additional 149,460 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LOAR shares. Morgan Stanley boosted their target price on shares of Loar from $75.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Loar in a research note on Thursday, November 14th.

Insiders Place Their Bets

In other Loar news, insider Michael J. Manella sold 28,153 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $2,285,179.01. Following the transaction, the insider now directly owns 580,388 shares of the company’s stock, valued at approximately $47,110,093.96. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Brett N. Milgrim sold 120,305 shares of Loar stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total transaction of $9,765,156.85. Following the transaction, the chairman now owns 3,865,327 shares of the company’s stock, valued at $313,748,592.59. This represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,135,706 shares of company stock worth $92,185,256.

Loar Trading Up 1.7 %

Loar stock opened at $79.96 on Friday. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average is $80.33 and its 200 day moving average is $75.95. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $96.99.

Loar (NYSE:LOAR) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $103.52 million for the quarter, compared to the consensus estimate of $97.30 million. Loar’s revenue was up 25.0% on a year-over-year basis. As a group, research analysts predict 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.