23,751 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,751 shares of the company's stock, valued at approximately $588,000.

Several other hedge funds have also added to or reduced their stakes in SARO. Woodline Partners LP acquired a new position in StandardAero in the 4th quarter valued at about $9,455,000. Zimmer Partners LP bought a new stake in shares of StandardAero during the fourth quarter worth approximately $3,714,000. Squarepoint Ops LLC acquired a new position in shares of StandardAero in the fourth quarter valued at approximately $6,422,000. Two Sigma Investments LP bought a new position in shares of StandardAero during the fourth quarter worth approximately $879,000. Finally, Theleme Partners LLP bought a new position in shares of StandardAero during the fourth quarter worth approximately $495,000.

Analysts Set New Price Targets

Several research firms recently issued reports on SARO. Morgan Stanley reduced 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. Wall Street Zen raised StandardAero from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, UBS Group boosted their target price 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 equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.11.

StandardAero Price Performance

NYSE SARO traded up $0.81 during midday trading on Friday, hitting $30.51. The company had a trading volume of 3,430,534 shares, compared to its average volume of 2,279,290. The firm has a 50-day moving average price of $27.11 and a 200-day moving average price of $26.81. 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 posted its quarterly earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. The firm's revenue was up 16.2% compared to the same quarter last year. As a group, equities analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of StandardAero stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the transaction, the insider now owns 35,292,362 shares in the company, valued at approximately $963,481,482.60. This trade represents a 13.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 12,983,425 shares of company stock valued at $353,519,326 in the last ninety days. 1.90% of the stock is currently owned by company insiders.

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.