TAT Technologies Ltd. $TATT Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its position in TAT Technologies Ltd. (NASDAQ:TATT) by 19.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 569,080 shares of the aerospace company’s stock after selling 141,684 shares during the period. Wasatch Advisors LP owned approximately 4.38% of TAT Technologies worth $23,122,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Quadrature Capital Ltd bought a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $630,000. Millennium Management LLC bought a new position in TAT Technologies in the 4th quarter worth approximately $2,034,000. Apis Capital Advisors LLC grew its holdings in TAT Technologies by 10.0% in the 4th quarter. Apis Capital Advisors LLC now owns 126,496 shares of the aerospace company’s stock worth $5,649,000 after buying an additional 11,496 shares in the last quarter. Osaic Holdings Inc. increased its position in TAT Technologies by 38.3% in the 4th quarter. Osaic Holdings Inc. now owns 9,661 shares of the aerospace company’s stock valued at $431,000 after acquiring an additional 2,675 shares during the period. Finally, Monimus Capital Management LP acquired a new stake in TAT Technologies in the 4th quarter valued at approximately $632,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Stock Performance

Shares of NASDAQ TATT opened at $46.76 on Friday. TAT Technologies Ltd. has a 1 year low of $29.22 and a 1 year high of $64.50. The firm has a market cap of $606.94 million, a P/E ratio of 36.25 and a beta of 1.00. The stock has a fifty day moving average price of $39.69 and a two-hundred day moving average price of $45.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.46 and a current ratio of 4.69.

TAT Technologies (NASDAQ:TATT) last posted its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $41.15 million for the quarter, compared to the consensus estimate of $40.25 million. TAT Technologies had a return on equity of 9.47% and a net margin of 9.27%. Research analysts forecast that TAT Technologies Ltd. will post 1.52 EPS for the current fiscal year.

Insider Transactions at TAT Technologies

In other TAT Technologies news, COO Jason Lewandowski sold 3,125 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $39.22, for a total value of $122,562.50. Following the completion of the sale, the chief operating officer directly owned 3,125 shares of the company’s stock, valued at approximately $122,562.50. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Maness sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $45.41, for a total transaction of $227,050.00. Following the transaction, the insider owned 5,000 shares of the company’s stock, valued at approximately $227,050. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.75% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on TATT shares. Stifel Nicolaus boosted their price target on TAT Technologies from $47.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Weiss Ratings lowered TAT Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Benchmark lifted their price objective on shares of TAT Technologies from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Truist Financial raised shares of TAT Technologies to a “strong-buy” rating in a report on Friday, May 1st. Finally, Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $57.29.

TAT Technologies Company 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.