TAT Technologies Ltd. $TATT Position Lifted by Roubaix Capital LLC

Roubaix Capital LLC increased its holdings in TAT Technologies Ltd. (NASDAQ:TATT) by 6.6% in the third quarter, Holdings Channel.com reports. The firm owned 250,141 shares of the aerospace company’s stock after purchasing an additional 15,477 shares during the period. TAT Technologies accounts for 5.1% of Roubaix Capital LLC’s investment portfolio, making the stock its largest holding. Roubaix Capital LLC’s holdings in TAT Technologies were worth $11,014,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in shares of TAT Technologies during the 3rd quarter valued at about $53,000. Huntleigh Advisors Inc. boosted its holdings in TAT Technologies by 3.7% in the third quarter. Huntleigh Advisors Inc. now owns 38,101 shares of the aerospace company’s stock valued at $1,678,000 after purchasing an additional 1,345 shares during the last quarter. GSA Capital Partners LLP grew its stake in TAT Technologies by 14.6% during the 3rd quarter. GSA Capital Partners LLP now owns 11,854 shares of the aerospace company’s stock valued at $522,000 after purchasing an additional 1,511 shares in the last quarter. Quantbot Technologies LP purchased a new stake in TAT Technologies during the 3rd quarter worth approximately $121,000. Finally, Walleye Capital LLC raised its position in shares of TAT Technologies by 49.1% in the 2nd quarter. Walleye Capital LLC now owns 12,343 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 4,062 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TATT. Wall Street Zen downgraded shares of TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Stifel Nicolaus raised their price objective on shares of TAT Technologies from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Zacks Research upgraded shares of TAT Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Truist Financial reduced their price target on shares of TAT Technologies from $56.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Freedom Capital raised TAT Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $53.17.

TAT Technologies Price Performance

Shares of NASDAQ:TATT opened at $56.58 on Tuesday. The firm’s 50 day moving average is $50.58 and its two-hundred day moving average is $43.45. The firm has a market capitalization of $710.93 million, a P/E ratio of 42.54 and a beta of 0.93. The company has a current ratio of 4.44, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. TAT Technologies Ltd. has a 52 week low of $23.37 and a 52 week high of $57.99.

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.