TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 28.0% in January

TAT Technologies Ltd. (NASDAQ:TATT) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 135,083 shares, a decrease of 28.0% from the December 31st total of 187,500 shares. Based on an average daily volume of 199,433 shares, the short-interest ratio is presently 0.7 days. Approximately 1.2% of the company’s shares are sold short. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 199,433 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TATT. Goldman Sachs Group Inc. purchased a new position in shares of TAT Technologies in the 1st quarter worth approximately $207,000. Jane Street Group LLC lifted its holdings in TAT Technologies by 125.8% during the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company’s stock worth $889,000 after acquiring an additional 18,020 shares during the period. Meitav Investment House Ltd. boosted its position in TAT Technologies by 61.7% in the second quarter. Meitav Investment House Ltd. now owns 1,454,618 shares of the aerospace company’s stock worth $44,722,000 after purchasing an additional 555,286 shares during the last quarter. Valmark Advisers Inc. bought a new position in TAT Technologies in the 2nd quarter valued at $653,000. Finally, Legal Advantage Investments Inc. purchased a new stake in shares of TAT Technologies during the 2nd quarter valued at $397,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TATT has been the topic of several recent analyst reports. Jones Trading initiated coverage on TAT Technologies in a research note on Friday, October 10th. They issued a “buy” rating and a $50.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of TAT Technologies in a report on Monday, December 29th. Loop Capital set a $53.00 price target on shares of TAT Technologies in a research note on Tuesday, December 30th. Wall Street Zen raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Freedom Capital upgraded TAT Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, TAT Technologies currently has a consensus rating of “Buy” and an average price target of $51.33.

TAT Technologies Trading Up 0.0%

TATT opened at $50.88 on Monday. TAT Technologies has a fifty-two week low of $23.37 and a fifty-two week high of $54.80. The firm has a market capitalization of $639.05 million, a PE ratio of 38.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.44 and a quick ratio of 2.34. The company’s 50-day moving average is $45.37 and its 200 day moving average is $40.85.

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

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.