TAT Technologies Ltd. $TATT Stake Reduced by Meitav Investment House Ltd.

Meitav Investment House Ltd. decreased its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,334,145 shares of the aerospace company’s stock after selling 120,473 shares during the period. Meitav Investment House Ltd. owned approximately 0.11% of TAT Technologies worth $55,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Morgan Dempsey Capital Management LLC lifted its stake in TAT Technologies by 72.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 7,256 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 3,050 shares during the last quarter. Walleye Capital LLC lifted its position in shares of TAT Technologies by 49.1% during the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock valued at $377,000 after acquiring an additional 4,062 shares during the last quarter. Osaic Holdings Inc. boosted its stake 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 acquiring an additional 4,474 shares in the last quarter. GWN Securities Inc. acquired a new position in shares of TAT Technologies in the 3rd quarter worth $202,000. Finally, PDT Partners LLC acquired a new stake in shares of TAT Technologies during the second quarter worth $228,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Stock Performance

Shares of TATT opened at $52.40 on Friday. The company has a market capitalization of $658.14 million, a PE ratio of 39.40 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 4.44. The company’s 50 day moving average price is $42.79 and its 200 day moving average price is $39.27. TAT Technologies Ltd. has a 52 week low of $23.37 and a 52 week high of $53.59.

TAT Technologies (NASDAQ:TATT) last issued its earnings results on Wednesday, November 12th. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). TAT Technologies had a net margin of 9.08% and a return on equity of 11.10%. The company had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.27 million.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TATT shares. Wall Street Zen cut TAT Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Jones Trading initiated coverage on shares of TAT Technologies in a report on Friday, October 10th. They set a “buy” rating and a $50.00 price target on the stock. Stifel Nicolaus upped their price target on shares of TAT Technologies from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Lake Street Capital initiated coverage on shares of TAT Technologies in a research report on Tuesday, December 30th. They set a “buy” rating and a $53.00 price objective on the stock. Finally, Loop Capital set a $53.00 target price on shares of TAT Technologies in a research note on Tuesday, December 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, TAT Technologies has an average rating of “Moderate Buy” and an average target price of $51.33.

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.