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

D. E. Shaw & Co. Inc. purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,678 shares of the company's stock, valued at approximately $908,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP acquired a new position in shares of StandardAero during the fourth quarter worth $183,924,000. Carlyle Group Inc. purchased a new position in StandardAero during the 4th quarter worth $165,294,000. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero during the 4th quarter valued at about $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in StandardAero in the fourth quarter valued at about $155,829,000. Finally, Vanguard Group Inc. acquired a new stake in StandardAero in the fourth quarter worth about $147,628,000.

StandardAero Price Performance

SARO traded up $0.17 during midday trading on Thursday, hitting $29.00. 2,359,798 shares of the company were exchanged, compared to its average volume of 2,277,162. The company's 50 day simple moving average is $26.85 and its 200 day simple moving average is $26.78. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of StandardAero from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. UBS Group raised their price target on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley dropped their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.11.

Insider Activity at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 5,524,862 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were 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 of the company's stock, valued at $963,481,482.60. This trade represents a 13.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.