92,800 Shares in StandardAero, Inc. (NYSE:SARO) Acquired by Broad Bay Capital Management LP

Broad Bay Capital Management LP 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 disclosure with the SEC. The fund bought 92,800 shares of the company's stock, valued at approximately $2,298,000. StandardAero accounts for about 0.3% of Broad Bay Capital Management LP's holdings, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brown Advisory Inc. bought a new stake in shares of StandardAero during the fourth quarter worth approximately $92,481,000. Balyasny Asset Management L.P. bought a new stake in StandardAero in the 4th quarter valued at $12,274,000. Bank of America Corp DE bought a new position in StandardAero during the 4th quarter worth $1,120,000. BNP Paribas Financial Markets acquired a new stake in shares of StandardAero during the fourth quarter worth $79,000. Finally, Alkeon Capital Management LLC bought a new stake in shares of StandardAero in the fourth quarter valued at about $40,111,000.

StandardAero Stock Down 1.1 %

NYSE SARO traded down $0.32 on Friday, hitting $27.53. 2,915,853 shares of the company's stock were exchanged, compared to its average volume of 2,150,023. The stock has a 50-day moving average of $26.60 and a 200-day moving average of $26.84. 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 announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.20). The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. Equities analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at StandardAero

In other StandardAero 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 shares were sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the sale, the insider now directly owns 40,817,224 shares of the company's stock, valued at $1,108,595,803.84. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SARO has been the subject of several analyst reports. Morgan Stanley dropped 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 boosted their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

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.