169,342 Shares in TAT Technologies Ltd. (NASDAQ:TATT) Bought by Wasatch Advisors LP

Wasatch Advisors LP purchased a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 169,342 shares of the aerospace company’s stock, valued at approximately $4,349,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock valued at $1,019,000 after purchasing an additional 22,987 shares in the last quarter. Renaissance Technologies LLC raised its holdings in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after buying an additional 11,799 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in TAT Technologies during the fourth quarter valued at approximately $103,000. JPMorgan Chase & Co. grew its stake in TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after buying an additional 2,697 shares during the period. Finally, IFP Advisors Inc acquired a new stake in shares of TAT Technologies in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Price Performance

Shares of TATT stock opened at $28.86 on Thursday. The firm has a fifty day simple moving average of $26.69 and a 200-day simple moving average of $24.55. The company has a market capitalization of $315.73 million, a PE ratio of 39.00 and a beta of 0.75. TAT Technologies Ltd. has a twelve month low of $11.01 and a twelve month high of $33.37. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The company had revenue of $38.00 million during the quarter, compared to analysts’ expectations of $38.00 million.

Analysts Set New Price Targets

Several research analysts have commented on the company. Benchmark raised their price objective on TAT Technologies from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, April 3rd. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Saturday, March 29th.

TAT Technologies Company Profile

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.