Legato Capital Management LLC Acquires 7,528 Shares of Loar Holdings, LLC (NYSE:LOAR)

Legato Capital Management LLC lifted its stake in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 123.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,604 shares of the company's stock after acquiring an additional 7,528 shares during the period. Legato Capital Management LLC's holdings in Loar were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LOAR. nVerses Capital LLC bought a new stake in Loar in the third quarter worth about $45,000. R Squared Ltd acquired a new position in shares of Loar in the 4th quarter worth approximately $95,000. Barclays PLC raised its holdings in shares of Loar by 871.3% in the 3rd quarter. Barclays PLC now owns 2,943 shares of the company's stock worth $219,000 after purchasing an additional 2,640 shares in the last quarter. Entropy Technologies LP acquired a new stake in Loar during the fourth quarter valued at approximately $222,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Loar during the third quarter worth approximately $230,000.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Loar in a report on Thursday, November 14th. Morgan Stanley upped their target price on Loar from $75.00 to $89.00 and gave the company an "equal weight" rating in a report on Monday, November 18th.

Insider Buying and Selling at Loar

In other news, Director Raja Bobbili sold 987,248 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $80,134,920.16. Following the completion of the sale, the director now directly owns 36,713,441 shares of the company's stock, valued at $2,980,030,005.97. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Brett N. Milgrim sold 120,305 shares of the business's stock in a transaction that occurred on 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 directly owns 3,865,327 shares in the company, valued at $313,748,592.59. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,706 shares of company stock valued at $92,185,256 in the last three months.

Loar Stock Down 2.7 %

Shares of NYSE:LOAR traded down $1.87 during mid-day trading on Monday, hitting $67.99. The stock had a trading volume of 763,870 shares, compared to its average volume of 246,658. The company's 50 day moving average is $76.55 and its 200-day moving average is $77.44. Loar Holdings, LLC has a 12-month low of $42.57 and a 12-month high of $96.99. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78.

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.