Artisan Partners Limited Partnership Sells 15,862 Shares of Loar Holdings, LLC (NYSE:LOAR)

Artisan Partners Limited Partnership lessened its stake in shares of Loar Holdings, LLC (NYSE:LOAR) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 287,522 shares of the company’s stock after selling 15,862 shares during the quarter. Artisan Partners Limited Partnership owned about 0.32% of Loar worth $21,251,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Corebridge Financial Inc. boosted its position in Loar by 174.3% during the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company’s stock worth $39,000 after purchasing an additional 333 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Loar during the 4th quarter worth $61,000. R Squared Ltd bought a new stake in shares of Loar during the 4th quarter worth $95,000. Amalgamated Bank grew its stake in Loar by 190.7% in the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company’s stock valued at $148,000 after buying an additional 1,312 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in Loar in the 4th quarter worth $201,000.

Loar Trading Down 2.6 %

Shares of Loar stock opened at $66.00 on Friday. Loar Holdings, LLC has a 1 year low of $42.57 and a 1 year high of $96.99. The company’s fifty day simple moving average is $71.48 and its 200-day simple moving average is $77.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price target on shares of Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

Loar Company 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.