Universal Beteiligungs und Servicegesellschaft mbH Invests $2.98 Million in Loar Holdings, LLC (NYSE:LOAR)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Loar Holdings, LLC (NYSE:LOAR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,297 shares of the company's stock, valued at approximately $2,978,000.

Several other institutional investors have also recently made changes to their positions in LOAR. Sterling Capital Management LLC raised its holdings in shares of Loar by 141.5% during the fourth 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. raised its holdings in shares of Loar by 174.3% during the fourth quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock valued at $39,000 after purchasing an additional 333 shares during the period. State of Wyoming acquired a new position in shares of Loar during the fourth quarter valued at about $53,000. Arcadia Investment Management Corp MI acquired a new position in shares of Loar during the fourth quarter valued at about $61,000. Finally, Gen Wealth Partners Inc acquired a new position in shares of Loar during the fourth quarter valued at about $62,000.

Insider Buying and Selling at Loar

In other Loar news, insider Michael J. Manella sold 19,684 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $80.91, for a total value of $1,592,632.44. Following the completion of the sale, the insider now owns 429,960 shares in the company, valued at approximately $34,788,063.60. This trade represents a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul S. Levy sold 1,168,499 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $80.91, for a total transaction of $94,543,254.09. Following the completion of the sale, the director now owns 8,188,503 shares of the company's stock, valued at approximately $662,531,777.73. This trade represents a 12.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,742,872 shares of company stock worth $464,655,774.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Loar from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $92.00 price objective on shares of Loar in a report on Tuesday, April 1st. Morgan Stanley initiated coverage on shares of Loar in a report on Friday, May 23rd. They set an "overweight" rating and a $100.00 price objective on the stock. Finally, Citigroup upped their target price on shares of Loar from $91.00 to $99.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.

Loar Stock Up 0.5%

Shares of LOAR traded up $0.48 on Friday, reaching $89.84. The company's stock had a trading volume of 517,191 shares, compared to its average volume of 524,237. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. Loar Holdings, LLC has a twelve month low of $51.50 and a twelve month high of $99.67. The stock has a market capitalization of $8.41 billion and a PE ratio of 236.42. The firm has a fifty day moving average of $87.31 and a 200-day moving average of $79.71.

Loar (NYSE:LOAR - Get Free Report) last posted its earnings results on Monday, March 31st. The company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates 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 was up 27.8% on a year-over-year basis. Equities analysts predict that Loar Holdings, LLC will post 0.28 EPS for the current 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.