3,845 Shares in Loar Holdings, LLC (NYSE:LOAR) Bought by Xponance Inc.

Xponance Inc. bought a new stake in Loar Holdings, LLC (NYSE:LOAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,845 shares of the company’s stock, valued at approximately $284,000.

Several other large investors also recently modified their holdings of the business. Arcadia Investment Management Corp MI acquired a new position in shares of Loar in the 4th quarter valued at approximately $61,000. R Squared Ltd bought a new position in Loar in the fourth quarter valued at approximately $95,000. Amalgamated Bank boosted its holdings in shares of Loar by 190.7% in the fourth 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 period. CIBC Asset Management Inc bought a new stake in shares of Loar during the fourth quarter worth $201,000. Finally, Barclays PLC increased its position in shares of Loar by 871.3% during the third 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.

Loar Stock Up 1.7 %

NYSE LOAR opened at $67.73 on Friday. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $96.99. The firm’s 50 day moving average is $71.74 and its 200-day moving average is $77.08. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their target price 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.

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.