400,000 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 400,000 shares of the company's stock, valued at approximately $9,904,000. Alyeska Investment Group L.P. owned approximately 0.12% of StandardAero as of its most recent SEC filing.

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

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $27.16, for a total transaction 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 $1,108,595,803.84. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages 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 increased their price objective on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.89.

StandardAero Trading Down 1.1 %

Shares of NYSE:SARO traded down $0.32 during midday trading on Friday, hitting $27.53. 2,915,853 shares of the stock were exchanged, compared to its average volume of 2,150,023. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a 50 day moving average price of $26.60 and a 200-day moving average price of $26.81.

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

StandardAero 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.