US Bancorp DE Has $448,000 Stake in Loar Holdings, LLC (NYSE:LOAR)

US Bancorp DE reduced its position in shares of Loar Holdings, LLC (NYSE:LOAR) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,009 shares of the company’s stock after selling 507 shares during the period. US Bancorp DE’s holdings in Loar were worth $448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Loar during the second quarter worth about $26,000. nVerses Capital LLC acquired a new position in shares of Loar during the third quarter worth about $45,000. Amalgamated Bank acquired a new position in shares of Loar during the second quarter worth about $37,000. Linonia Partnership LP acquired a new position in shares of Loar during the second quarter worth about $53,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Loar during the second quarter worth about $155,000.

Analyst Ratings Changes

LOAR has been the subject of several recent research reports. Morgan Stanley increased their price target on Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Loar in a research report on Monday, October 7th. Finally, Citigroup increased their price target on Loar from $64.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th.

Loar Trading Up 0.5 %

Shares of NYSE LOAR opened at $89.31 on Tuesday. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33. Loar Holdings, LLC has a 1-year low of $42.57 and a 1-year high of $95.35. The business’s 50 day moving average is $77.84 and its 200-day moving average is $65.42.

Loar (NYSE:LOAR) last announced its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $97.10 million for the quarter, compared to the consensus estimate of $91.70 million. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. Analysts expect that Loar Holdings, LLC will post 0.37 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.