TimesSquare Capital Management LLC Has $78.83 Million Stock Position in Loar Holdings, LLC (NYSE:LOAR)

TimesSquare Capital Management LLC grew its stake in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 159.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,066,525 shares of the company's stock after purchasing an additional 656,016 shares during the quarter. Loar comprises approximately 1.1% of TimesSquare Capital Management LLC's holdings, making the stock its 25th largest holding. TimesSquare Capital Management LLC owned 1.19% of Loar worth $78,827,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Loar in the 3rd quarter valued at $45,000. Captrust Financial Advisors increased its position in shares of Loar by 9.8% in the 3rd quarter. Captrust Financial Advisors now owns 10,471 shares of the company's stock valued at $781,000 after buying an additional 938 shares in the last quarter. R Squared Ltd bought a new stake in shares of Loar in the 4th quarter valued at $95,000. Geode Capital Management LLC increased its position in shares of Loar by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 175,575 shares of the company's stock valued at $13,100,000 after buying an additional 2,551 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Loar by 871.3% in the 3rd quarter. Barclays PLC now owns 2,943 shares of the company's stock valued at $219,000 after buying an additional 2,640 shares in the last quarter.

Insiders Place Their Bets

In other news, Chairman Brett N. Milgrim sold 120,305 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 3,865,327 shares in the company, valued at $313,748,592.59. This represents a 3.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Manella sold 28,153 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $2,285,179.01. Following the transaction, the insider now owns 580,388 shares of the company's stock, valued at approximately $47,110,093.96. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,135,706 shares of company stock worth $92,185,256.

Loar Trading Down 1.6 %

LOAR stock traded down $1.11 during trading hours on Friday, reaching $68.29. 556,115 shares of the stock were exchanged, compared to its average volume of 359,633. The firm's 50-day moving average is $75.50 and its 200-day moving average is $77.50. 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.

Analyst Ratings Changes

A number of analysts recently commented on LOAR shares. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price objective on shares of Loar in a research report on Thursday, November 14th. Morgan Stanley upped their price objective 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.

About Loar

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.