Clal Insurance Enterprises Holdings Ltd Has $18.41 Million Position in TAT Technologies Ltd. $TATT

Clal Insurance Enterprises Holdings Ltd increased its position in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) by 26.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456,640 shares of the aerospace company's stock after acquiring an additional 95,756 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 3.52% of TAT Technologies worth $18,405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in shares of TAT Technologies by 143.0% in the 2nd quarter. Wasatch Advisors LP now owns 781,216 shares of the aerospace company's stock valued at $23,858,000 after purchasing an additional 459,693 shares in the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of TAT Technologies during the 1st quarter worth $7,733,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of TAT Technologies by 92.1% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,996 shares of the aerospace company's stock worth $17,283,000 after buying an additional 185,574 shares during the last quarter. Next Century Growth Investors LLC acquired a new stake in TAT Technologies in the fourth quarter valued at about $5,902,000. Finally, Russell Investments Group Ltd. grew its position in TAT Technologies by 71.2% in the fourth quarter. Russell Investments Group Ltd. now owns 258,153 shares of the aerospace company's stock valued at $11,529,000 after acquiring an additional 107,353 shares during the last quarter. 15.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Paul Maness sold 5,000 shares of TAT Technologies stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total value of $227,050.00. Following the completion of the sale, the insider owned 5,000 shares of the company's stock, valued at approximately $227,050. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jason Lewandowski sold 3,125 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total transaction of $122,562.50. Following the sale, the chief operating officer owned 3,125 shares of the company's stock, valued at $122,562.50. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.75% of the company's stock.

TAT Technologies Stock Performance

NASDAQ TATT opened at $40.72 on Wednesday. The stock has a fifty day simple moving average of $42.20 and a 200 day simple moving average of $45.78. TAT Technologies Ltd. has a twelve month low of $30.35 and a twelve month high of $64.50. The company has a market capitalization of $528.67 million, a price-to-earnings ratio of 31.57 and a beta of 0.98. The company has a quick ratio of 2.46, a current ratio of 4.69 and a debt-to-equity ratio of 0.05.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.07. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%.The company had revenue of $41.15 million during the quarter, compared to the consensus estimate of $40.25 million. Sell-side analysts expect that TAT Technologies Ltd. will post 1.52 EPS for the current year.

Wall Street Analyst Weigh In

TATT has been the topic of several research reports. B. Riley Financial started coverage on shares of TAT Technologies in a report on Wednesday, April 8th. They set a "buy" rating and a $61.00 price target on the stock. Truist Financial upgraded shares of TAT Technologies to a "strong-buy" rating in a report on Friday, May 1st. William Blair reissued a "hold" rating on shares of TAT Technologies in a research note on Wednesday, July 15th. Zacks Research upgraded TAT Technologies from a "strong sell" rating to a "hold" rating in a report on Friday, May 22nd. Finally, Benchmark reaffirmed a "buy" rating on shares of TAT Technologies in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $57.29.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.

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