Jane Street Group LLC Invests $368,000 in TAT Technologies Ltd. (NASDAQ:TATT)

Jane Street Group LLC bought a new stake in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,324 shares of the aerospace company's stock, valued at approximately $368,000. Jane Street Group LLC owned about 0.13% of TAT Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP bought a new position in TAT Technologies during the 4th quarter valued at approximately $444,000. Wasatch Advisors LP bought a new position in TAT Technologies during the 4th quarter valued at approximately $4,349,000. Renaissance Technologies LLC raised its position in TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after purchasing an additional 11,799 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock valued at $1,019,000 after purchasing an additional 22,987 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in TAT Technologies by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock valued at $385,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors own 15.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on TATT shares. Wall Street Zen lowered TAT Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Benchmark increased their target price on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. Finally, Truist Financial began coverage on TAT Technologies in a research report on Wednesday. They set a "buy" rating and a $35.00 price objective for the company.

TAT Technologies Stock Down 1.6%

TATT traded down $0.43 during trading on Thursday, hitting $26.50. 249,071 shares of the company's stock traded hands, compared to its average volume of 64,068. The company's 50 day simple moving average is $29.24 and its two-hundred day simple moving average is $27.41. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. TAT Technologies Ltd. has a 12-month low of $12.61 and a 12-month high of $36.49. The stock has a market capitalization of $289.91 million, a price-to-earnings ratio of 35.81 and a beta of 0.69.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $42.14 million for the quarter, compared to the consensus estimate of $41.70 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

TAT Technologies Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.