Loar Holdings, LLC (NYSE:LOAR) Shares Purchased by Bain Capital Public Equity LP

Bain Capital Public Equity LP raised its stake in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 40.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,234 shares of the company's stock after acquiring an additional 10,681 shares during the period. Loar accounts for approximately 1.8% of Bain Capital Public Equity LP's portfolio, making the stock its 24th largest position. Bain Capital Public Equity LP's holdings in Loar were worth $2,752,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LOAR. Sterling Capital Management LLC boosted its position in shares of Loar by 141.5% in the 4th quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock valued at $37,000 after purchasing an additional 293 shares during the period. Corebridge Financial Inc. boosted its holdings in shares of Loar by 174.3% in the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock valued at $39,000 after acquiring an additional 333 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Loar in the fourth quarter valued at approximately $61,000. R Squared Ltd purchased a new position in shares of Loar during the fourth quarter worth approximately $95,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Loar by 179.4% in the 4th quarter. MetLife Investment Management LLC now owns 1,735 shares of the company's stock valued at $128,000 after acquiring an additional 1,114 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LOAR. Morgan Stanley raised shares of Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 price objective on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $92.00 price target on shares of Loar in a report on Tuesday, April 1st.

Loar Stock Performance

LOAR traded up $0.16 during trading on Wednesday, hitting $97.39. The stock had a trading volume of 617,600 shares, compared to its average volume of 416,033. Loar Holdings, LLC has a twelve month low of $45.13 and a twelve month high of $99.16. The firm has a market capitalization of $9.11 billion and a P/E ratio of 405.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. The company's 50-day moving average price is $77.57 and its 200 day moving average price is $79.07.

Loar (NYSE:LOAR - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $110.40 million for the quarter, compared to analysts' expectations of $102.51 million. Loar's quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts forecast that Loar Holdings, LLC will post 0.28 EPS for the current fiscal year.

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.