Meitav Investment House Ltd. trimmed its holdings in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 935,438 shares of the aerospace company's stock after selling 33,624 shares during the quarter. Meitav Investment House Ltd. owned 9.26% of TAT Technologies worth $24,326,000 at the end of the most recent quarter.
Separately, JPMorgan Chase & Co. increased its stake in shares of TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock worth $253,000 after buying an additional 2,697 shares during the period. 15.13% of the stock is currently owned by institutional investors and hedge funds.
TAT Technologies Trading Down 2.7 %
TAT Technologies stock traded down $0.73 during mid-day trading on Friday, reaching $26.03. 62,316 shares of the company traded hands, compared to its average volume of 59,039. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The firm's 50 day moving average price is $27.74 and its 200 day moving average price is $21.75. The firm has a market capitalization of $284.77 million, a price-to-earnings ratio of 35.18 and a beta of 0.94. TAT Technologies Ltd. has a 52-week low of $10.51 and a 52-week high of $33.37.
Analysts Set New Price Targets
Several research analysts recently commented on TATT shares. StockNews.com raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th. Benchmark started coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They issued a "buy" rating and a $30.00 target price on the stock.
Get Our Latest Stock Analysis on TAT Technologies
TAT Technologies Company Profile
(
Free Report)
TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.
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