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

Bain Capital Public Equity Management II LLC raised its position in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 37.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 310,016 shares of the company's stock after purchasing an additional 83,743 shares during the period. Loar accounts for approximately 1.0% of Bain Capital Public Equity Management II LLC's portfolio, making the stock its 22nd biggest holding. Bain Capital Public Equity Management II LLC owned approximately 0.35% of Loar worth $22,913,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LOAR. Barclays PLC raised its holdings in Loar by 871.3% in 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 last quarter. Franklin Resources Inc. grew its position in shares of Loar by 36.0% in 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. Zweig DiMenna Associates LLC increased its holdings in shares of Loar by 4.4% in the fourth quarter. Zweig DiMenna Associates LLC now owns 172,750 shares of the company's stock valued at $12,768,000 after purchasing an additional 7,300 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Loar during the fourth quarter worth approximately $5,053,000. Finally, R Squared Ltd acquired a new position in Loar during the fourth quarter worth $95,000.

Loar Stock Up 0.2 %

Shares of LOAR stock traded up $0.16 during trading on Wednesday, reaching $97.39. The company's stock had a trading volume of 617,600 shares, compared to its average volume of 416,033. The company has a market capitalization of $9.11 billion and a price-to-earnings ratio of 405.77. Loar Holdings, LLC has a 1-year low of $45.13 and a 1-year high of $99.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. The stock'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 EPS for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $110.40 million during the quarter, compared to analyst estimates of $102.51 million. The business's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, research analysts anticipate that Loar Holdings, LLC will post 0.28 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley raised shares of Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 price objective for the company in a report on Thursday, April 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $92.00 target price on shares of Loar in a research note on Tuesday, April 1st.

About Loar

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.