TAT Technologies (NASDAQ:TATT) Lowered to “Hold” Rating by StockNews.com

TAT Technologies (NASDAQ:TATT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Benchmark initiated coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 target price for the company.

TAT Technologies Trading Up 4.4 %

TAT Technologies stock opened at $26.55 on Tuesday. The company has a 50 day moving average price of $27.70 and a 200 day moving average price of $23.17. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The firm has a market capitalization of $290.46 million, a price-to-earnings ratio of 35.88 and a beta of 0.99.

Institutional Investors Weigh In On TAT Technologies

A number of institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP bought a new position in shares of TAT Technologies during the 4th quarter valued at $4,349,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock valued at $1,019,000 after purchasing an additional 22,987 shares in the last quarter. Marshall Wace LLP bought a new position in shares of TAT Technologies during the 4th quarter valued at $444,000. Jane Street Group LLC bought a new position in shares of TAT Technologies during the 4th quarter valued at $368,000. Finally, Renaissance Technologies LLC raised its holdings 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 purchasing an additional 11,799 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

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.