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

Marshall Wace LLP purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,295 shares of the aerospace company's stock, valued at approximately $444,000. Marshall Wace LLP owned 0.16% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of TATT. IFP Advisors Inc bought a new position in TAT Technologies in the 4th quarter valued at about $50,000. Morgan Dempsey Capital Management LLC bought a new position in shares of TAT Technologies in the fourth quarter valued at approximately $103,000. JPMorgan Chase & Co. boosted its holdings in shares of TAT Technologies by 24.1% in 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. Arrowstreet Capital Limited Partnership raised its holdings in TAT Technologies by 142.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after purchasing an additional 22,987 shares in the last quarter. Finally, Wasatch Advisors LP bought a new position in TAT Technologies during the 4th quarter valued at $4,349,000. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Price Performance

Shares of NASDAQ:TATT traded up $0.24 on Tuesday, reaching $29.79. 90,380 shares of the company traded hands, compared to its average volume of 41,235. The stock has a market capitalization of $325.90 million, a PE ratio of 40.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The company's 50 day moving average is $27.02 and its 200-day moving average is $25.67. TAT Technologies Ltd. has a fifty-two week low of $11.84 and a fifty-two week high of $33.83.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The firm 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 upped their price objective on TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, April 3rd. StockNews.com raised shares of TAT Technologies from a "hold" rating to a "buy" rating in a report on Saturday, April 26th.

About TAT Technologies

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.