TD Asset Management Inc Has $3.15 Million Stock Holdings in Loar Holdings Inc. (NYSE:LOAR)

Key Points

• TD Asset Management Inc significantly increased its position in Loar Holdings by 404.3%, acquiring an additional 35,736 shares and bringing its total holdings to 44,576 shares valued at approximately $3.15 million.
• Several other institutional investors, including GAMMA Investing LLC and Sterling Capital Management LLC, also expanded their stakes in Loar during the recent quarters, highlighting increasing institutional interest in the company.
• Wall Street analysts have mixed views on Loar, with Citigroup upgrading its price target to $99.00 and issuing a "buy" rating, while Wall Street Zen has downgraded to a "hold" rating.

TD Asset Management Inc lifted its position in Loar Holdings Inc. (NYSE:LOAR - Free Report) by 404.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,576 shares of the company's stock after purchasing an additional 35,736 shares during the period. TD Asset Management Inc's holdings in Loar were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in Loar by 204.9% during the first quarter. GAMMA Investing LLC now owns 372 shares of the company's stock worth $26,000 after buying an additional 250 shares during the period. Sterling Capital Management LLC boosted its position in shares of Loar by 141.5% during the 4th quarter. Sterling Capital Management LLC now owns 500 shares of the company's stock worth $37,000 after purchasing an additional 293 shares in the last quarter. Corebridge Financial Inc. raised its stake in shares of Loar by 174.3% during the 4th quarter. Corebridge Financial Inc. now owns 524 shares of the company's stock worth $39,000 after buying an additional 333 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. Finally, Gen Wealth Partners Inc purchased a new stake in shares of Loar during the 4th quarter worth about $62,000.

Insider Buying and Selling at Loar

In other news, insider Dirkson R. Charles sold 88,767 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $80.91, for a total value of $7,182,137.97. Following the completion of the sale, the insider directly owned 4,043,005 shares of the company's stock, valued at $327,119,534.55. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul S. Levy sold 175,923 shares of Loar stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $80.91, for a total value of $14,233,929.93. Following the sale, the director directly owned 8,012,580 shares of the company's stock, valued at approximately $648,297,847.80. The trade was a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,742,872 shares of company stock valued at $464,655,774 in the last ninety days. Insiders own 22.60% of the company's stock.

Loar Trading Down 3.4%

NYSE:LOAR traded down $2.52 on Friday, reaching $71.39. The company's stock had a trading volume of 594,003 shares, compared to its average volume of 778,313. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.21 and a current ratio of 5.13. The firm has a market cap of $6.68 billion, a PE ratio of 187.87 and a beta of 0.11. The business's 50-day moving average price is $81.26 and its two-hundred day moving average price is $79.34. Loar Holdings Inc. has a 1-year low of $52.26 and a 1-year high of $99.67.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LOAR shares. Citigroup upped their price target on Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley assumed coverage on Loar in a report on Friday, May 23rd. They set an "overweight" rating and a $100.00 target price for the company. Finally, Wall Street Zen downgraded Loar from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

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.