Deutsche Bank AG Makes New Investment in Loar Holdings, LLC (NYSE:LOAR)

Deutsche Bank AG acquired a new stake in Loar Holdings, LLC (NYSE:LOAR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 181,881 shares of the company's stock, valued at approximately $13,443,000. Deutsche Bank AG owned approximately 0.20% of Loar at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LOAR. Sterling Capital Management LLC increased its holdings in Loar by 141.5% in the fourth quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock valued at $37,000 after buying an additional 293 shares during the last quarter. Corebridge Financial Inc. boosted its position in shares of Loar by 174.3% during the 4th quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock worth $39,000 after acquiring an additional 333 shares in the last quarter. Barclays PLC increased its holdings in shares of Loar by 12.1% in the 4th quarter. Barclays PLC now owns 3,298 shares of the company's stock valued at $243,000 after acquiring an additional 355 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Loar by 4.4% during the 4th quarter. Captrust Financial Advisors now owns 10,935 shares of the company's stock worth $808,000 after acquiring an additional 464 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in Loar during the fourth quarter worth approximately $61,000.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in 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 on the stock in a report on Thursday, April 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $92.00 target price on shares of Loar in a research report on Tuesday, April 1st. Finally, Citigroup boosted their price target on shares of Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research report on Thursday.

Loar Stock Performance

Shares of NYSE:LOAR traded down $0.41 during trading on Monday, reaching $85.18. The company had a trading volume of 1,789,485 shares, compared to its average volume of 486,682. Loar Holdings, LLC has a fifty-two week low of $49.62 and a fifty-two week high of $99.67. 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 fifty day moving average price is $81.31 and its 200 day moving average price is $79.49. The firm has a market capitalization of $7.97 billion and a price-to-earnings ratio of 224.16.

Loar (NYSE:LOAR - Get Free Report) last announced its quarterly earnings data on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $110.40 million during the quarter, compared to analyst estimates of $102.51 million. Loar's quarterly revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts predict that Loar Holdings, LLC will post 0.28 EPS for the current year.

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.