Cubist Systematic Strategies LLC Acquires Shares of 9,943 TAT Technologies Ltd. $TATT

Cubist Systematic Strategies LLC acquired a new stake in TAT Technologies Ltd. (NASDAQ:TATT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,943 shares of the aerospace company’s stock, valued at approximately $273,000. Cubist Systematic Strategies LLC owned 0.09% of TAT Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Virtus Fund Advisers LLC purchased a new stake in shares of TAT Technologies during the fourth quarter worth about $29,000. Virtus Advisers LLC purchased a new stake in shares of TAT Technologies during the first quarter worth about $45,000. Catalyst Capital Advisors LLC purchased a new stake in shares of TAT Technologies during the first quarter worth about $63,000. Walleye Capital LLC purchased a new stake in shares of TAT Technologies during the first quarter worth about $228,000. Finally, CenterBook Partners LP purchased a new stake in shares of TAT Technologies during the first quarter worth about $252,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Stock Up 1.0%

Shares of TAT Technologies stock opened at $36.93 on Friday. The company has a quick ratio of 2.42, a current ratio of 4.67 and a debt-to-equity ratio of 0.06. The firm has a market cap of $463.84 million, a P/E ratio of 30.27 and a beta of 0.78. TAT Technologies Ltd. has a fifty-two week low of $16.25 and a fifty-two week high of $41.00. The business has a 50-day moving average price of $34.40 and a 200 day moving average price of $30.27.

TAT Technologies (NASDAQ:TATT) last issued its earnings results on Monday, August 11th. The aerospace company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. TAT Technologies had a return on equity of 10.90% and a net margin of 8.21%.The company had revenue of $43.10 million during the quarter, compared to the consensus estimate of $43.85 million.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Benchmark lifted their target price on TAT Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Wall Street Zen raised TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, August 17th. Truist Financial assumed coverage on TAT Technologies in a research report on Wednesday, June 4th. They set a “buy” rating and a $35.00 target price on the stock. Zacks Research raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 14th. Finally, Lake Street Capital assumed coverage on TAT Technologies in a research report on Wednesday, June 18th. They set a “buy” rating and a $37.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $36.00.

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.