Barclays PLC Has $219,000 Holdings in Loar Holdings, LLC (NYSE:LOAR)

Barclays PLC boosted its holdings in shares of Loar Holdings, LLC (NYSE:LOAR) by 871.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,943 shares of the company’s stock after acquiring an additional 2,640 shares during the quarter. Barclays PLC’s holdings in Loar were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LOAR. nVerses Capital LLC acquired a new position in shares of Loar in the third quarter valued at approximately $45,000. Amalgamated Bank acquired a new position in shares of Loar in the second quarter valued at approximately $37,000. Linonia Partnership LP acquired a new position in shares of Loar in the second quarter valued at approximately $53,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Loar in the third quarter valued at approximately $230,000. Finally, Quent Capital LLC acquired a new position in shares of Loar in the third quarter valued at approximately $236,000.

Loar Stock Performance

NYSE LOAR opened at $82.49 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar Holdings, LLC has a twelve month low of $42.57 and a twelve month high of $96.99. The business’s fifty day moving average is $81.15 and its 200 day moving average is $74.85.

Loar (NYSE:LOAR) last announced its earnings results on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. The company had revenue of $103.52 million for the quarter, compared to the consensus estimate of $97.30 million. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. Equities analysts predict that Loar Holdings, LLC will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price target on shares of Loar in a research report on Thursday, November 14th. Morgan Stanley increased their price target on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th.

Insider Transactions at Loar

In other news, Chairman Brett N. Milgrim sold 120,305 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $9,765,156.85. Following the completion of the sale, the chairman now directly owns 3,865,327 shares in the company, valued at $313,748,592.59. This trade represents a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael J. Manella sold 28,153 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $2,285,179.01. Following the completion of the sale, the insider now owns 580,388 shares of the company’s stock, valued at approximately $47,110,093.96. This represents a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,135,706 shares of company stock valued at $92,185,256.

About Loar

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.