Marshall Wace LLP Makes New $444,000 Investment in TAT Technologies Ltd. (NASDAQ:TATT)

Marshall Wace LLP acquired a new stake in TAT Technologies Ltd. (NASDAQ:TATT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,295 shares of the aerospace company's stock, valued at approximately $444,000. Marshall Wace LLP owned approximately 0.16% of TAT Technologies at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after acquiring an additional 2,697 shares in the last quarter. IFP Advisors Inc purchased a new position in TAT Technologies during the fourth quarter worth about $50,000. Morgan Dempsey Capital Management LLC bought a new position in TAT Technologies in the fourth quarter valued at $103,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of TAT Technologies by 142.6% in 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its position in TAT Technologies by 6.6% in the fourth 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. Institutional investors own 15.13% of the company's stock.

TAT Technologies Stock Performance

NASDAQ:TATT traded down $0.14 during midday trading on Friday, hitting $34.60. The company's stock had a trading volume of 82,712 shares, compared to its average volume of 81,535. The firm's 50 day moving average is $27.28 and its 200-day moving average is $25.82. The firm has a market cap of $378.52 million, a P/E ratio of 46.76 and a beta of 0.72. TAT Technologies Ltd. has a fifty-two week low of $12.54 and a fifty-two week high of $36.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $38.00 million for the quarter, compared to analysts' expectations of $38.00 million.

Analysts Set New Price Targets

TATT has been the subject of several research analyst reports. Benchmark raised their target price on shares of TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, April 3rd. StockNews.com upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th.

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.