350,000 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP bought a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 350,000 shares of the company's stock, valued at approximately $8,666,000. Hudson Bay Capital Management LP owned about 0.10% of StandardAero as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. purchased a new position in StandardAero during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new stake in shares of StandardAero in the fourth quarter worth $39,000. MetLife Investment Management LLC purchased a new position in shares of StandardAero during the fourth quarter valued at $54,000. PNC Financial Services Group Inc. acquired a new position in StandardAero during the fourth quarter valued at $62,000. Finally, Sterling Capital Management LLC purchased a new stake in StandardAero in the 4th quarter worth about $78,000.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44. Following the completion of the sale, the insider now directly owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. The trade was a 13.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by corporate insiders.

StandardAero Trading Down 1.1%

Shares of StandardAero stock opened at $27.53 on Monday. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The stock has a 50-day simple moving average of $26.60 and a 200-day simple moving average of $26.78.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. StandardAero's revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SARO. Morgan Stanley lowered their target price on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. UBS Group lifted their target price on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

StandardAero Company Profile

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.

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