Bank of New York Mellon Corp Has $6.15 Million Stock Holdings in Loar Holdings, LLC (NYSE:LOAR)

Bank of New York Mellon Corp raised its holdings in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 210.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,191 shares of the company's stock after buying an additional 56,371 shares during the quarter. Bank of New York Mellon Corp owned 0.09% of Loar worth $6,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new stake in shares of Loar during the 4th quarter valued at about $61,000. Captrust Financial Advisors raised its stake in Loar by 9.8% during the third quarter. Captrust Financial Advisors now owns 10,471 shares of the company's stock worth $781,000 after acquiring an additional 938 shares in the last quarter. R Squared Ltd bought a new position in shares of Loar during the fourth quarter valued at $95,000. Geode Capital Management LLC boosted its stake 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 purchasing an additional 2,551 shares in the last quarter. Finally, Barclays PLC grew 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 during the last quarter.

Loar Stock Down 1.4 %

Shares of Loar stock traded down $0.94 during trading on Thursday, reaching $65.50. The company's stock had a trading volume of 246,664 shares, compared to its average volume of 391,685. The stock has a 50-day moving average price of $72.73 and a two-hundred day moving average price of $77.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar Holdings, LLC has a one year low of $42.57 and a one year high of $96.99.

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Analyst Ratings Changes

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

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.