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Charles Schwab Investment Management Inc. Has $7.97 Million Stock Position in Loar Holdings, LLC (NYSE:LOAR)

Loar logo with Aerospace background

Charles Schwab Investment Management Inc. lifted its stake in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) by 52.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,897 shares of the company's stock after purchasing an additional 36,701 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.12% of Loar worth $7,973,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in Loar during the 2nd quarter worth $26,000. Amalgamated Bank acquired a new position in Loar during the 2nd quarter worth $37,000. nVerses Capital LLC acquired a new position in shares of Loar during the third quarter valued at $45,000. Linonia Partnership LP acquired a new position in shares of Loar during the second quarter valued at $53,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Loar during the second quarter valued at $155,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LOAR. Morgan Stanley upped their target price on shares of Loar from $75.00 to $89.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Citigroup increased their price objective on shares of Loar from $64.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price objective on shares of Loar in a report on Thursday, November 14th.

Check Out Our Latest Stock Report on LOAR

Loar Trading Down 3.9 %

Shares of Loar stock traded down $3.41 during trading on Wednesday, hitting $84.28. 3,863,317 shares of the company were exchanged, compared to its average volume of 324,159. The firm's fifty day moving average price is $83.88 and its 200 day moving average price is $71.02. 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 1-year low of $42.57 and a 1-year high of $96.99.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The firm had revenue of $103.52 million for the quarter, compared to analyst estimates of $97.30 million. The business's quarterly revenue was up 25.0% compared to the same quarter last year. Sell-side analysts anticipate that Loar Holdings, LLC will post 0.28 earnings per share for the current fiscal year.

Loar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Loar (NYSE:LOAR)

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