Charles Schwab Investment Management Inc. Grows Stake in Loar Holdings, LLC (NYSE:LOAR)

Charles Schwab Investment Management Inc. lifted its position in Loar Holdings, LLC (NYSE:LOAR) by 54.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,884 shares of the company’s stock after buying an additional 57,987 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Loar were worth $12,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 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. Lord Abbett & CO. LLC lifted its position in Loar by 71.7% during the third quarter. Lord Abbett & CO. LLC now owns 1,009,558 shares of the company’s stock valued at $75,303,000 after purchasing an additional 421,637 shares in the last quarter. State Street Corp lifted its position in Loar by 413.3% during the third quarter. State Street Corp now owns 416,531 shares of the company’s stock valued at $31,069,000 after purchasing an additional 335,376 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Loar by 47.3% during the third quarter. Loomis Sayles & Co. L P now owns 275,500 shares of the company’s stock valued at $20,550,000 after purchasing an additional 88,429 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Loar by 36.0% during the third quarter. Franklin Resources Inc. now owns 188,766 shares of the company’s stock valued at $14,556,000 after purchasing an additional 49,966 shares in the last quarter.

Loar Trading Down 0.7 %

LOAR opened at $64.95 on Friday. Loar Holdings, LLC has a 12 month low of $42.57 and a 12 month high of $96.99. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $72.44 and a 200 day moving average of $77.14.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their target price on Loar from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th.

Loar Company 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.