32,152 Shares in StandardAero, Inc. (NYSE:SARO) Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,152 shares of the company's stock, valued at approximately $796,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SARO. Bessemer Group Inc. bought a new position in StandardAero during the 4th quarter worth approximately $28,000. R Squared Ltd bought a new stake in shares of StandardAero during the 4th quarter valued at about $39,000. MetLife Investment Management LLC bought a new stake in shares of StandardAero during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. bought a new stake in StandardAero in the fourth quarter worth approximately $62,000. Finally, Sterling Capital Management LLC acquired a new position in StandardAero in the fourth quarter valued at approximately $78,000.

StandardAero Trading Down 0.2 %

StandardAero stock traded down $0.07 during trading on Monday, hitting $27.83. 265,419 shares of the company were exchanged, compared to its average volume of 2,262,996. The business's 50 day moving average is $26.60 and its 200 day moving average is $26.92. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

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

Insider Activity

In other StandardAero 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 value of $180,066,291.44. Following the sale, the insider now owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SARO shares. Morgan Stanley lowered their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. UBS Group raised 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 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.