Trexquant Investment LP Buys 18,339 Shares of Astronics Co. (NASDAQ:ATRO)

Trexquant Investment LP raised its holdings in shares of Astronics Co. (NASDAQ:ATRO - Free Report) by 46.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,900 shares of the aerospace company's stock after purchasing an additional 18,339 shares during the period. Trexquant Investment LP owned 0.16% of Astronics worth $924,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ATRO. Royce & Associates LP lifted its stake in Astronics by 18.7% in the fourth quarter. Royce & Associates LP now owns 1,150,355 shares of the aerospace company's stock worth $18,360,000 after acquiring an additional 181,619 shares during the period. JPMorgan Chase & Co. raised its holdings in Astronics by 154.3% in the 4th quarter. JPMorgan Chase & Co. now owns 236,406 shares of the aerospace company's stock worth $3,773,000 after purchasing an additional 143,452 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of Astronics in the 4th quarter worth about $1,622,000. State Street Corp boosted its stake in shares of Astronics by 6.7% during the 3rd quarter. State Street Corp now owns 924,070 shares of the aerospace company's stock valued at $18,001,000 after purchasing an additional 58,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Astronics during the fourth quarter valued at about $776,000. 56.68% of the stock is currently owned by institutional investors.

Insider Activity

In other Astronics news, Director Robert S. Keane sold 77,099 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.55, for a total value of $1,892,780.45. Following the transaction, the director now directly owns 6,346 shares of the company's stock, valued at approximately $155,794.30. This trade represents a 92.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 10.86% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on ATRO shares. Truist Financial lifted their price target on Astronics from $17.00 to $23.00 and gave the company a "hold" rating in a research report on Wednesday, March 5th. StockNews.com raised shares of Astronics from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th.

Astronics Stock Up 2.1 %

Shares of ATRO traded up $0.48 on Tuesday, hitting $23.29. 164,911 shares of the stock traded hands, compared to its average volume of 278,640. Astronics Co. has a one year low of $14.13 and a one year high of $26.63. The company has a market capitalization of $821.42 million, a PE ratio of -122.57 and a beta of 1.26. The business has a 50 day simple moving average of $22.28 and a 200 day simple moving average of $19.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.46 and a current ratio of 2.83.

Astronics (NASDAQ:ATRO - Get Free Report) last posted its earnings results on Tuesday, March 4th. The aerospace company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.27. Astronics had a positive return on equity of 6.94% and a negative net margin of 0.82%. The business had revenue of $208.54 million during the quarter, compared to analyst estimates of $194.91 million. During the same quarter last year, the company earned $0.35 EPS. As a group, equities analysts forecast that Astronics Co. will post 0.82 earnings per share for the current fiscal year.

Astronics Company Profile

Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace, defense, and electronics industries in the United States, rest of North America, Asia, Europe, South America, and internationally. The company operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation systems, distribution and seat motions systems, aircraft structures, avionics products, system certification, and other products.