150,000 Shares in StandardAero, Inc. (NYSE:SARO) Purchased by Zimmer Partners LP

Zimmer Partners LP bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,000 shares of the company's stock, valued at approximately $3,714,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in StandardAero during the fourth quarter worth $6,422,000. Two Sigma Investments LP purchased a new position in StandardAero during the 4th quarter worth $879,000. Theleme Partners LLP bought a new stake in shares of StandardAero in the 4th quarter worth $495,000. Steamboat Capital Partners LLC purchased a new stake in shares of StandardAero in the fourth quarter valued at about $242,000. Finally, Steadfast Capital Management LP bought a new position in shares of StandardAero during the fourth quarter valued at about $21,543,000.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction 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 $1,108,595,803.84. This trade represents a 13.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company's stock.

StandardAero Trading Up 0.7%

Shares of NYSE:SARO traded up $0.19 during mid-day trading on Monday, reaching $28.19. The company had a trading volume of 7,276,812 shares, compared to its average volume of 2,263,175. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The company's 50-day moving average price is $26.87 and its 200-day moving average price is $26.77.

StandardAero (NYSE:SARO - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. The business's revenue was up 16.2% compared to the same quarter last year. Sell-side analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SARO shares. Morgan Stanley reduced 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 report on Friday, March 14th. Wall Street Zen raised StandardAero from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group increased their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.11.

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.