TAT Technologies Ltd. $TATT Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 900,147 shares of the aerospace company’s stock after selling 50,618 shares during the period. TAT Technologies accounts for approximately 1.9% of Y.D. More Investments Ltd’s portfolio, making the stock its 12th largest holding. Y.D. More Investments Ltd owned about 0.07% of TAT Technologies worth $40,385,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in TAT Technologies in the first quarter valued at approximately $207,000. Jane Street Group LLC boosted its position in shares of TAT Technologies by 125.8% during the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after buying an additional 18,020 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TAT Technologies by 470.4% in the second quarter. JPMorgan Chase & Co. now owns 69,618 shares of the aerospace company’s stock valued at $2,126,000 after buying an additional 57,412 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of TAT Technologies in the second quarter valued at $4,119,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of TAT Technologies by 70.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 74,984 shares of the aerospace company’s stock valued at $2,316,000 after buying an additional 31,104 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TATT shares. Loop Capital set a $53.00 target price on TAT Technologies in a research note on Tuesday, December 30th. Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Lake Street Capital reiterated a “buy” rating and set a $59.00 price target on shares of TAT Technologies in a research note on Wednesday, February 4th. Benchmark increased their price target on shares of TAT Technologies from $58.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Finally, Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TAT Technologies currently has a consensus rating of “Buy” and an average price target of $56.67.

TAT Technologies Price Performance

TAT Technologies stock opened at $40.13 on Monday. The firm has a market capitalization of $520.89 million, a P/E ratio of 29.29 and a beta of 1.11. The company has a current ratio of 4.89, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. TAT Technologies Ltd. has a twelve month low of $23.96 and a twelve month high of $64.50. The stock’s fifty day simple moving average is $51.08 and its 200-day simple moving average is $45.76.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Wednesday, March 18th. The aerospace company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). TAT Technologies had a return on equity of 10.69% and a net margin of 9.45%.The company had revenue of $46.53 million for the quarter, compared to analyst estimates of $48.04 million.

TAT Technologies Profile

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.