Loar Holdings, LLC (NYSE:LOAR) Shares Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its position in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 343.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,200 shares of the company's stock after acquiring an additional 14,100 shares during the period. Polar Asset Management Partners Inc.'s holdings in Loar were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Loar by 132.4% in the fourth quarter. Vanguard Group Inc. now owns 2,721,325 shares of the company's stock worth $201,133,000 after acquiring an additional 1,550,581 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Loar by 4.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,142,073 shares of the company's stock worth $84,411,000 after acquiring an additional 50,287 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Loar by 159.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,066,525 shares of the company's stock worth $78,827,000 after buying an additional 656,016 shares during the last quarter. Federated Hermes Inc. boosted its stake in Loar by 29.7% during the fourth quarter. Federated Hermes Inc. now owns 998,733 shares of the company's stock worth $73,816,000 after buying an additional 228,477 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Loar by 32.2% during the fourth quarter. Invesco Ltd. now owns 851,496 shares of the company's stock worth $62,934,000 after buying an additional 207,255 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LOAR shares. Citigroup boosted their price objective on Loar from $91.00 to $99.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley upgraded Loar from an "equal weight" rating to an "overweight" rating and set a $91.00 target price on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $92.00 price objective on shares of Loar in a report on Tuesday, April 1st. Finally, Wall Street Zen upgraded Loar from a "hold" rating to a "buy" rating in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Loar has a consensus rating of "Buy" and an average price target of $86.75.

Insiders Place Their Bets

In other news, Chairman Brett N. Milgrim sold 558,695 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $80.91, for a total transaction of $45,204,012.45. Following the completion of the transaction, the chairman now directly owns 3,306,632 shares of the company's stock, valued at approximately $267,539,595.12. This represents a 14.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alison Bomberg sold 690,258 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $80.91, for a total value of $55,848,774.78. Following the transaction, the director now directly owns 31,438,420 shares of the company's stock, valued at approximately $2,543,682,562.20. This represents 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 worth $464,655,774 in the last quarter.

Loar Stock Up 0.7%

NYSE LOAR traded up $0.61 during trading hours on Thursday, hitting $83.17. 307,172 shares of the company were exchanged, compared to its average volume of 494,514. The company has a 50 day moving average of $82.47 and a two-hundred day moving average of $79.51. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar Holdings, LLC has a 52-week low of $50.02 and a 52-week high of $99.67. The firm has a market cap of $7.78 billion and a price-to-earnings ratio of 219.21.

Loar (NYSE:LOAR - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $110.40 million for the quarter, compared to analysts' expectations of $102.51 million. The business's revenue for the quarter was up 27.8% on a year-over-year basis. Equities research analysts anticipate that Loar Holdings, LLC will post 0.28 earnings per share for the current year.

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.