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

Boothbay Fund Management LLC bought a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 32,152 shares of the company's stock, valued at approximately $796,000.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley decreased their price target on 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 upped their target price on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, StandardAero presently has an average rating of "Moderate Buy" and an average target price of $34.89.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm'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 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 $1,108,595,803.84. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

StandardAero Stock Up 2.7 %

SARO stock traded up $0.74 during trading on Friday, reaching $27.85. 943,762 shares of the stock were exchanged, compared to its average volume of 2,173,189. The stock has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $26.96. 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, 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 firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The company's revenue was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current 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.