M&T Bank Corp Invests $306,000 in Loar Holdings, LLC (NYSE:LOAR)

M&T Bank Corp acquired a new position in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,138 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Loar by 54.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 164,884 shares of the company's stock worth $12,187,000 after buying an additional 57,987 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Loar by 190.7% in the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company's stock worth $148,000 after buying an additional 1,312 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Loar by 210.2% in the 4th quarter. Bank of New York Mellon Corp now owns 83,191 shares of the company's stock worth $6,149,000 after buying an additional 56,371 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Loar in the 4th quarter worth approximately $61,000. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Loar by 159.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,066,525 shares of the company's stock worth $78,827,000 after buying an additional 656,016 shares during the last quarter.

Wall Street Analysts Forecast Growth

LOAR has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on Loar from $100.00 to $92.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Morgan Stanley upped their price objective on Loar from $75.00 to $89.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th.

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Loar Price Performance

Loar stock traded down $3.07 during trading on Tuesday, hitting $64.01. The stock had a trading volume of 281,308 shares, compared to its average volume of 392,294. Loar Holdings, LLC has a 1 year low of $42.57 and a 1 year high of $96.99. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. The stock's 50 day moving average is $73.07 and its two-hundred day moving average is $77.44.

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.