Wasatch Advisors LP Acquires New Shares in TAT Technologies Ltd. (NASDAQ:TATT)

Wasatch Advisors LP purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 169,342 shares of the aerospace company's stock, valued at approximately $4,349,000. Wasatch Advisors LP owned 1.55% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its holdings in TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock valued at $1,019,000 after acquiring an additional 22,987 shares during the last quarter. JPMorgan Chase & Co. grew its position in 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 last quarter. IFP Advisors Inc bought a new position in shares of TAT Technologies in the fourth quarter valued at $50,000. Renaissance Technologies LLC lifted its position in shares of TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after acquiring an additional 11,799 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies during the 4th quarter worth $103,000. Institutional investors and hedge funds own 15.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com downgraded TAT Technologies from a "buy" rating to a "hold" rating in a report on Friday. Benchmark raised their price objective on shares of TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, April 3rd.

TAT Technologies Stock Down 8.2 %

TAT Technologies stock traded down $2.26 during mid-day trading on Tuesday, hitting $25.35. The company's stock had a trading volume of 73,254 shares, compared to its average volume of 37,705. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. TAT Technologies Ltd. has a 52-week low of $11.03 and a 52-week high of $33.83. The firm's 50 day moving average is $26.85 and its 200 day moving average is $24.93. The company has a market cap of $277.36 million, a PE ratio of 34.59 and a beta of 0.75.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million during the quarter, compared to analysts' expectations of $38.00 million.

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.