Loomis Sayles & Co. L P Has $19.73 Million Stock Position in Loar Holdings, LLC (NYSE:LOAR)

Loomis Sayles & Co. L P lowered its holdings in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 267,013 shares of the company's stock after selling 8,487 shares during the quarter. Loomis Sayles & Co. L P owned about 0.30% of Loar worth $19,734,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Corebridge Financial Inc. boosted its position in Loar by 174.3% in the 4th quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock valued at $39,000 after buying an additional 333 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Loar in the fourth quarter worth about $61,000. R Squared Ltd bought a new stake in Loar during the 4th quarter worth about $95,000. Amalgamated Bank raised its holdings in Loar by 190.7% during the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company's stock worth $148,000 after purchasing an additional 1,312 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Loar during the 4th quarter valued at about $201,000.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reissued an "outperform" rating and set a $92.00 price target on shares of Loar in a research note on Tuesday.

Loar Trading Up 0.5 %

NYSE:LOAR traded up $0.35 during mid-day trading on Tuesday, hitting $71.00. The company had a trading volume of 500,677 shares, compared to its average volume of 408,355. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. Loar Holdings, LLC has a fifty-two week low of $42.57 and a fifty-two week high of $96.99. The business's fifty day moving average is $71.31 and its two-hundred day moving average is $77.01.

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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.