Graham Capital Management L.P. Acquires Shares of 10,000 StandardAero, Inc. (NYSE:SARO)

Graham Capital Management L.P. acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,000 shares of the company's stock, valued at approximately $248,000.

Several other hedge funds also recently made changes to their positions in SARO. Bessemer Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $39,000. MetLife Investment Management LLC acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $54,000. PNC Financial Services Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $62,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $78,000.

StandardAero Trading Up 0.7%

SARO stock traded up $0.19 on Friday, reaching $28.19. 7,276,812 shares of the company were exchanged, compared to its average volume of 2,263,175. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The stock's fifty day moving average price is $26.87 and its 200 day moving average price is $26.79.

StandardAero (NYSE:SARO - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. StandardAero's revenue was up 16.2% compared to the same quarter last year. As a group, sell-side analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44. Following the completion of the transaction, the insider now directly owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. This represents a 13.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SARO shares. Morgan Stanley decreased their price target 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. Wall Street Zen raised shares of StandardAero from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group raised their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and an average 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.