CenterBook Partners LP Has $7.08 Million Stock Position in TAT Technologies Ltd. $TATT

CenterBook Partners LP grew its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 8.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,728 shares of the aerospace company’s stock after buying an additional 12,007 shares during the quarter. CenterBook Partners LP’s holdings in TAT Technologies were worth $7,077,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies during the 3rd quarter valued at $53,000. Osaic Holdings Inc. raised its position in TAT Technologies by 470.9% in the second quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after purchasing an additional 4,474 shares during the last quarter. GWN Securities Inc. acquired a new stake in shares of TAT Technologies during the third quarter valued at about $202,000. Goldman Sachs Group Inc. bought a new stake in shares of TAT Technologies during the first quarter worth about $207,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of TAT Technologies during the third quarter worth about $225,000. 15.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TATT shares. Freedom Capital upgraded shares of TAT Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Zacks Research raised shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Stifel Nicolaus boosted their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Loop Capital set a $53.00 price objective on TAT Technologies in a report on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $53.17.

TAT Technologies Price Performance

TATT stock opened at $51.24 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 4.44 and a debt-to-equity ratio of 0.06. The firm has a market cap of $643.57 million, a price-to-earnings ratio of 38.53 and a beta of 0.93. The company’s fifty day simple moving average is $47.94 and its 200 day simple moving average is $42.27. TAT Technologies Ltd. has a 12-month low of $23.37 and a 12-month high of $54.80.

About TAT Technologies

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.