Amundi Reduces Stock Position in Loar Holdings, LLC (NYSE:LOAR)

Amundi lowered its holdings in shares of Loar Holdings, LLC (NYSE:LOAR) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 642 shares of the company’s stock after selling 190 shares during the quarter. Amundi’s holdings in Loar were worth $47,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in Loar during the 4th quarter valued at $61,000. R Squared Ltd purchased a new position in Loar during the 4th quarter valued at $95,000. Amalgamated Bank boosted its holdings in Loar by 190.7% during the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company’s stock valued at $148,000 after acquiring an additional 1,312 shares during the period. CIBC Asset Management Inc purchased a new position in Loar during the 4th quarter valued at $201,000. Finally, Barclays PLC boosted its holdings in Loar by 871.3% during the 3rd quarter. Barclays PLC now owns 2,943 shares of the company’s stock valued at $219,000 after acquiring an additional 2,640 shares during the period.

Loar Stock Down 0.7 %

Shares of LOAR stock opened at $64.95 on Friday. Loar Holdings, LLC has a twelve month low of $42.57 and a twelve month high of $96.99. The stock has a fifty day simple moving average of $72.44 and a two-hundred day simple moving average of $77.21. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

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

Loar 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.