Charles Schwab Investment Management Inc. Acquires 57,987 Shares of Loar Holdings, LLC (NYSE:LOAR)

Charles Schwab Investment Management Inc. lifted its stake in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,884 shares of the company's stock after purchasing an additional 57,987 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.18% of Loar worth $12,187,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LOAR. Amalgamated Bank grew its stake in 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 acquiring an additional 1,312 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Loar by 210.2% during the fourth quarter. Bank of New York Mellon Corp now owns 83,191 shares of the company's stock valued at $6,149,000 after buying an additional 56,371 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Loar during the 4th quarter valued at about $61,000. TimesSquare Capital Management LLC increased its holdings in Loar by 159.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,066,525 shares of the company's stock worth $78,827,000 after purchasing an additional 656,016 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Loar by 14.1% in the fourth quarter. New York State Common Retirement Fund now owns 101,802 shares of the company's stock worth $7,524,000 after purchasing an additional 12,592 shares during the last quarter.

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Wall Street Analysts Forecast Growth

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

Loar Trading Up 2.1 %

Shares of NYSE LOAR traded up $1.43 during midday trading on Tuesday, reaching $68.45. The company's stock had a trading volume of 425,490 shares, compared to its average volume of 393,554. The firm has a 50 day moving average price of $72.32 and a 200-day moving average price of $77.22. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $96.99.

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.