D. E. Shaw & Co. Inc. Makes New Investment in StandardAero, Inc. (NYSE:SARO)

D. E. Shaw & Co. Inc. acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 36,678 shares of the company's stock, valued at approximately $908,000.

Other large investors have also modified their holdings of the company. R Squared Ltd bought a new stake in shares of StandardAero in the 4th quarter worth approximately $39,000. Jennison Associates LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $23,063,000. Renaissance Capital LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of StandardAero during the fourth quarter worth $486,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in StandardAero during the fourth quarter valued at $224,000.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the company's stock in a transaction that occurred 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 directly owns 35,292,362 shares in the company, valued at approximately $963,481,482.60. This represents a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SARO shares. Wall Street Zen raised StandardAero from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley decreased their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Finally, UBS Group boosted their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.11.

StandardAero Trading Down 0.4%

NYSE SARO traded down $0.12 on Wednesday, hitting $28.56. The company's stock had a trading volume of 1,038,772 shares, compared to its average volume of 2,265,856. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company's 50-day simple moving average is $26.85 and its 200 day simple moving average is $26.77.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts forecast 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.