Quantbot Technologies LP Trims 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 position in Loar Holdings Inc. (NYSE:LOAR - Free Report) by 66.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Loar by 204.9% during the 1st quarter. GAMMA Investing LLC now owns 372 shares of the company's stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. State of Wyoming acquired a new position in shares of Loar during the 4th quarter valued at about $53,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Loar by 5,286.7% during 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 last quarter. Gen Wealth Partners Inc acquired a new position in shares of Loar during the 4th quarter valued at about $62,000. Finally, MetLife Investment Management LLC increased 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 valued at $128,000 after acquiring an additional 1,114 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley assumed coverage on shares of Loar in a research note on Friday, May 23rd. They set an "overweight" rating and a $100.00 price objective for the company. Finally, Wall Street Zen raised shares of Loar from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $97.00.

Loar Stock Down 2.4%

NYSE LOAR traded down $1.78 on Friday, reaching $71.06. The company had a trading volume of 130,377 shares, compared to its average volume of 836,114. The firm has a market capitalization of $6.65 billion, a PE ratio of 154.46 and a beta of 0.11. Loar Holdings Inc. has a 1 year low of $62.10 and a 1 year high of $99.67. The firm has a 50-day moving average of $75.64 and a 200-day moving average of $78.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 6.15 and a quick ratio of 4.01.

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