Meitav Investment House Ltd. Lowers Holdings in TAT Technologies Ltd. (NASDAQ:TATT)

Meitav Investment House Ltd. reduced its position in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 935,438 shares of the aerospace company’s stock after selling 33,624 shares during the period. Meitav Investment House Ltd. owned approximately 9.26% of TAT Technologies worth $24,326,000 at the end of the most recent quarter.

Separately, JPMorgan Chase & Co. increased its stake in TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 2,697 shares during the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TATT has been the subject of several recent analyst reports. Benchmark began coverage on TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th.

TAT Technologies Stock Up 0.4 %

TATT opened at $28.02 on Thursday. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $27.75 and its 200 day simple moving average is $21.63. TAT Technologies Ltd. has a 52 week low of $10.51 and a 52 week high of $33.37. The stock has a market cap of $306.54 million, a PE ratio of 37.86 and a beta of 0.94.

TAT Technologies Company Profile

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.