Artisan Partners Limited Partnership Sells 15,862 Shares of Loar Holdings, LLC (NYSE:LOAR)

Artisan Partners Limited Partnership lessened its position in shares of Loar Holdings, LLC (NYSE:LOAR) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287,522 shares of the company’s stock after selling 15,862 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Loar were worth $21,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LOAR. Corebridge Financial Inc. lifted its position in Loar by 174.3% in the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company’s stock worth $39,000 after purchasing an additional 333 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Loar in the 4th quarter valued at $61,000. R Squared Ltd acquired a new position in shares of Loar in the 4th quarter valued at $95,000. Amalgamated Bank lifted its holdings in shares of Loar by 190.7% during the 4th quarter. Amalgamated Bank now owns 2,000 shares of the company’s stock worth $148,000 after acquiring an additional 1,312 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in shares of Loar during the 4th quarter valued at about $201,000.

Analyst Upgrades and Downgrades

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

Loar Price Performance

Shares of NYSE LOAR opened at $66.00 on Friday. The business has a fifty day moving average of $71.48 and a two-hundred day moving average of $77.03. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar Holdings, LLC has a 52-week low of $42.57 and a 52-week high of $96.99.

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.