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BOSTON—Anthony Carpenito, a director and significant shareholder of Loar Holdings Inc. (NASDAQ:LOAR), recently sold a substantial portion of his holdings in the company. According to a filing submitted to the Securities and Exchange Commission, Carpenito disposed of 690,258 shares of Loar Holdings on May 16, 2025, at an average price of $80.91 per share. This transaction totaled approximately $55.8 million. The sale comes as LOAR’s stock has declined 8.8% over the past week, though it maintains a strong 65% gain over the past year. According to InvestingPro analysis, the company currently trades above its Fair Value, with a market capitalization of $7.95 billion.
Following the sale, Carpenito retains ownership of 31,438,420 shares, held indirectly through various partnerships. The shares sold were distributed among different entities, including Abrams Capital Partners (WA:CPAP) II, L.P., Riva Capital Partners IV, L.P., Abrams Capital Partners I, L.P., Whitecrest Partners, LP, and Riva Capital Partners V, L.P. InvestingPro data shows LOAR maintains impressive financial health with a current ratio of 5.13 and gross profit margins of 51%. Get access to 15+ additional ProTips and comprehensive analysis with an InvestingPro subscription.
Carpenito’s role as a member of several capital management firms related to these entities is noted, although he disclaims beneficial ownership of the securities beyond his financial interest. The company operates with moderate debt levels and maintains strong liquidity, according to InvestingPro analysis.
In other recent news, Loar Holdings Inc. reported first-quarter earnings that surpassed analyst expectations, with adjusted earnings per share at $0.20, slightly above the consensus estimate of $0.19. The company achieved a revenue of $114.7 million, marking a 24.8% increase from the previous year. Loar Holdings also raised its full-year 2025 guidance, projecting net sales between $482 million and $490 million, and adjusted EBITDA between $182 million and $185 million. In addition, Jefferies analyst Sheila Kahyaoglu increased the price target for Loar Holdings to $110, maintaining a Buy rating, following the company’s strong quarterly performance. The first-quarter results highlighted an 11% organic growth and a 22% rise in operating profit, driven by a 33% growth in the Defense sector. Loar Holdings reported net income of $15.3 million for the quarter, a notable jump from $2.2 million in the same period last year. The company’s adjusted EBITDA increased by 30.6% to $43.1 million, marking its 11th consecutive quarter of growth. Despite the positive earnings and guidance, Loar’s stock experienced a decline, which was not elaborated upon in the reports.
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