Apis Capital Advisors LLC Takes $5.06 Million Position in TAT Technologies Ltd. $TATT

Apis Capital Advisors LLC purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 115,000 shares of the aerospace company’s stock, valued at approximately $5,063,000. TAT Technologies accounts for approximately 1.1% of Apis Capital Advisors LLC’s holdings, making the stock its 22nd largest holding. Apis Capital Advisors LLC owned approximately 0.92% of TAT Technologies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in TAT Technologies in the 3rd quarter valued at $53,000. Quantbot Technologies LP bought a new stake in shares of TAT Technologies during the 3rd quarter valued at $121,000. Osaic Holdings Inc. grew its holdings in shares of TAT Technologies by 470.9% during the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock worth $166,000 after purchasing an additional 4,474 shares in the last quarter. GWN Securities Inc. acquired a new stake in shares of TAT Technologies during the 3rd quarter worth $202,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of TAT Technologies in the first quarter worth $207,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TATT shares. Zacks Research raised TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Lake Street Capital reiterated a “buy” rating and set a $59.00 price objective on shares of TAT Technologies in a research note on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Loop Capital set a $53.00 target price on shares of TAT Technologies in a research report on Tuesday, December 30th. Finally, Benchmark upped their price target on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, TAT Technologies has a consensus rating of “Buy” and an average target price of $54.50.

TAT Technologies Stock Performance

NASDAQ:TATT opened at $54.81 on Friday. TAT Technologies Ltd. has a twelve month low of $23.92 and a twelve month high of $64.50. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $52.84 and its 200 day simple moving average is $44.70. The firm has a market capitalization of $688.41 million, a PE ratio of 41.21 and a beta of 0.93.

About TAT Technologies

TAT Technologies Ltd. is a global provider of environmental control and thermal management solutions for the aerospace industry. The company specializes in the design, manufacturing and support of aircraft environmental control systems (ECS), heat exchangers and related components. Its product portfolio serves commercial and military airframers, engine manufacturers and airlines, offering critical systems that regulate cabin pressure, temperature and ventilation on fixed-wing and rotary aircraft.

Key offerings include air cycle machines, preconditioned air units, steam/water separators and specialty heat exchangers engineered to meet stringent aerospace standards.