GAMMA Investing LLC Buys 29,747 Shares of StandardAero, Inc. (NYSE:SARO)

GAMMA Investing LLC boosted its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 9,817.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 30,050 shares of the company's stock after buying an additional 29,747 shares during the period. GAMMA Investing LLC's holdings in StandardAero were worth $801,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. bought a new position in shares of StandardAero during the 4th quarter valued at about $28,000. MetLife Investment Management LLC bought a new position in shares of StandardAero during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. bought a new position in shares of StandardAero during the 4th quarter valued at about $62,000. Sterling Capital Management LLC bought a new position in shares of StandardAero during the 4th quarter valued at about $78,000. Finally, BNP Paribas Financial Markets bought a new position in shares of StandardAero during the 4th quarter valued at about $79,000.

StandardAero Stock Down 1.6%

Shares of NYSE:SARO traded down $0.49 during trading on Friday, reaching $29.25. The company's stock had a trading volume of 5,803,970 shares, compared to its average volume of 2,282,578. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The firm's 50 day simple moving average is $28.32 and its two-hundred day simple moving average is $26.94.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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. StandardAero's quarterly 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 fiscal year.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider now owns 34,463,633 shares of the company's stock, valued at $940,857,180.90. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 12,983,425 shares of company stock valued at $353,519,326 over the last 90 days. Insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on SARO shares. Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Morgan Stanley lowered 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. Finally, UBS Group increased their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.