62,090 Shares in StandardAero, Inc. (NYSE:SARO) Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc acquired a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,090 shares of the company's stock, valued at approximately $1,537,000.

Several other hedge funds have also bought and sold shares of the business. D. E. Shaw & Co. Inc. bought a new stake in StandardAero during the fourth quarter worth about $908,000. Castle Hook Partners LP purchased a new position in StandardAero in the fourth quarter worth about $138,000. Blackstone Inc. purchased a new position in StandardAero in the fourth quarter worth about $8,914,000. Broad Bay Capital Management LP purchased a new position in StandardAero in the fourth quarter worth about $2,298,000. Finally, Brown Advisory Inc. purchased a new position in StandardAero in the fourth quarter worth about $92,481,000.

StandardAero Price Performance

SARO opened at $30.19 on Friday. The firm has a 50 day moving average price of $26.84 and a 200-day moving average price of $26.81. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.51 billion. StandardAero's revenue for the quarter was up 16.2% compared to the same quarter last year. Equities research analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company's stock in a transaction on 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 transaction, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This represents a 13.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. UBS Group lifted their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.11.

About StandardAero

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.

Want to see what other hedge funds are holding SARO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StandardAero, Inc. (NYSE:SARO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.