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

Y.D. More Investments Ltd reduced its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 950,765 shares of the aerospace company’s stock after selling 64,772 shares during the quarter. TAT Technologies comprises approximately 2.2% of Y.D. More Investments Ltd’s holdings, making the stock its 9th biggest position. Y.D. More Investments Ltd owned about 0.08% of TAT Technologies worth $39,445,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. acquired a new stake in shares of TAT Technologies during the 3rd quarter worth about $53,000. Osaic Holdings Inc. raised its holdings in TAT Technologies by 470.9% in the 2nd quarter. Osaic Holdings Inc. now owns 5,424 shares of the aerospace company’s stock valued at $166,000 after acquiring an additional 4,474 shares during the period. GWN Securities Inc. acquired a new stake in TAT Technologies during the third quarter worth approximately $202,000. Goldman Sachs Group Inc. acquired a new stake in TAT Technologies during the first quarter worth approximately $207,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of TAT Technologies during the third quarter worth approximately $225,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Price Performance

TATT traded up $0.16 during trading on Friday, hitting $53.16. 7,788 shares of the stock traded hands, compared to its average volume of 140,346. The business has a 50 day moving average price of $48.48 and a 200 day moving average price of $42.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. TAT Technologies Ltd. has a twelve month low of $23.37 and a twelve month high of $54.80. The company has a market cap of $667.68 million, a price-to-earnings ratio of 39.90 and a beta of 0.93.

Wall Street Analysts Forecast Growth

TATT has been the topic of a number of recent research reports. Freedom Capital upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Benchmark boosted their target price on shares of TAT Technologies from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TAT Technologies in a research report on Monday, December 29th. Loop Capital set a $53.00 target price on shares of TAT Technologies in a research report on Tuesday, December 30th. Finally, Stifel Nicolaus lifted 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, TAT Technologies has an average rating of “Buy” and a consensus price target of $53.17.

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.