WHITE PLAINS, N.Y. — Glenn D'Alessandro, Lower Holdings Inc. The treasurer and chief financial officer of (NASDAQ:LOAR), a company with a market capitalization of $7.1 billion and currently trading at $79.87, recently sold a significant stake. The company's common stock. D'Alessandro sold 28,518 shares at an average price of $81.175 per share on Dec. 12, worth about $2.31 million, according to a filing with the Securities and Exchange Commission.

Following the transaction, D'Alessandro retains ownership of 1,060,510 shares of Lor Holdings. The transaction was run directly by D'Alessandro, as disclosed in the filing.

In more recent news, Lor Holdings Inc. reported a strong financial performance, with organic growth up 17%, adjusted EBITDA of $35 million, and net sales reaching $97 million. Subsequently, the company completed the strategic acquisition of Applied Avionics for $385 million, expected to increase annual revenue by approximately $40 million and adjusted EBITDA by approximately $20 million. Analyst firms Jefferies, Citi, Morgan Stanley (NYSE: ), and RBC Capital initiated coverage on Lower Holdings, expressing confidence in the company's potential for significant free cash flow in the coming years. RBC Capital Markets adjusted its outlook on Lower Holdings shares, raising the price target to $100 while maintaining an Outperform rating. This follows the successful completion of an equity offering by Lor Holdings, which resulted in net proceeds of approximately $310 million. These are the recent developments in Lower Holdings' growth trajectory and financial strategy.

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