Quantbot Technologies LP Has $1.01 Million Holdings in Loar Holdings Inc. $LOAR

Key Points

• Quantbot Technologies LP reduced its stake in Loar Holdings Inc. by 66%, holding 14,293 shares valued at approximately $1.01 million as per its latest 13F filing.
• Loar reported earnings of $0.23 per share, exceeding expectations, with revenue rising 26.8% year-over-year to $123.12 million.
• Several institutional investors have shown significant interest in Loar, with GAMMA Investing LLC increasing its holdings by 204.9% in the first quarter.

Quantbot Technologies LP decreased its stake in shares of Loar Holdings Inc. (NYSE:LOAR - Free Report) by 66.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,293 shares of the company's stock after selling 27,755 shares during the quarter. Quantbot Technologies LP's holdings in Loar were worth $1,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Loar by 204.9% during the first quarter. GAMMA Investing LLC now owns 372 shares of the company's stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. State of Wyoming purchased a new stake in shares of Loar during the 4th quarter worth approximately $53,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Loar by 5,286.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 808 shares of the company's stock valued at $57,000 after acquiring an additional 793 shares during the period. Gen Wealth Partners Inc acquired a new position in Loar in the 4th quarter valued at $62,000. Finally, MetLife Investment Management LLC grew its stake in shares of Loar by 179.4% during the 4th quarter. MetLife Investment Management LLC now owns 1,735 shares of the company's stock worth $128,000 after purchasing an additional 1,114 shares during the period.

Loar Stock Performance

LOAR stock traded down $2.13 during midday trading on Friday, hitting $70.71. The stock had a trading volume of 861,300 shares, compared to its average volume of 1,095,663. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 153.72 and a beta of 0.11. The stock has a 50-day simple moving average of $75.43 and a 200 day simple moving average of $78.27. Loar Holdings Inc. has a 52 week low of $62.10 and a 52 week high of $99.67. The company has a current ratio of 6.15, a quick ratio of 4.01 and a debt-to-equity ratio of 0.25.

Loar (NYSE:LOAR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. Loar had a return on equity of 5.50% and a net margin of 9.82%.The firm had revenue of $123.12 million during the quarter, compared to analyst estimates of $122.17 million. During the same period last year, the company earned $0.13 earnings per share. The company's revenue was up 26.8% on a year-over-year basis. Loar has set its FY 2025 guidance at 0.830-0.88 EPS. As a group, equities research analysts anticipate that Loar Holdings Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Loar from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Morgan Stanley initiated coverage on shares of Loar in a research report on Friday, May 23rd. They set an "overweight" rating and a $100.00 price target for the company. 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 report on Thursday, May 15th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $97.00.

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.