Renaissance Technologies LLC Raises Position in TAT Technologies Ltd. (NASDAQ:TATT)

Renaissance Technologies LLC boosted its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,301 shares of the aerospace company's stock after buying an additional 11,799 shares during the period. Renaissance Technologies LLC owned approximately 1.73% of TAT Technologies worth $4,861,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc purchased a new position in shares of TAT Technologies in the 4th quarter worth about $50,000. Morgan Dempsey Capital Management LLC bought a new stake in TAT Technologies during the 4th quarter valued at about $103,000. JPMorgan Chase & Co. boosted its stake in TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after purchasing an additional 2,697 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after purchasing an additional 22,987 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company's stock.

TAT Technologies Stock Performance

NASDAQ:TATT traded down $0.61 during trading hours on Friday, reaching $25.13. The company had a trading volume of 27,811 shares, compared to its average volume of 38,847. The firm has a market cap of $274.87 million, a price-to-earnings ratio of 34.09 and a beta of 0.75. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. The firm's 50 day moving average price is $26.74 and its 200-day moving average price is $25.01. TAT Technologies Ltd. has a 52 week low of $11.03 and a 52 week high of $33.83.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The company had revenue of $38.00 million during the quarter, compared to analyst estimates of $38.00 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TATT shares. Benchmark upped their price target on TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. StockNews.com downgraded shares of TAT Technologies from a "buy" rating to a "hold" rating in a report on Friday, April 18th.

About TAT Technologies

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.