Readystate Asset Management LP Invests $266,000 in StandardAero, Inc. (NYSE:SARO)

Readystate Asset Management LP bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company's stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SARO. Bessemer Group Inc. bought a new position in shares of StandardAero during the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted its position in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. KBC Group NV bought a new position in shares of StandardAero during the 1st quarter valued at about $52,000. MetLife Investment Management LLC bought a new position in shares of StandardAero during the 4th quarter valued at about $54,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of StandardAero during the 4th quarter valued at about $62,000.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of StandardAero 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 owned 35,292,362 shares of the company's stock, valued at $963,481,482.60. This trade represents a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

SARO has been the subject of several recent analyst reports. UBS Group raised their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. CIBC decreased their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, StandardAero currently has an average rating of "Moderate Buy" and a consensus price target of $34.67.

StandardAero Stock Down 0.7%

Shares of NYSE SARO traded down $0.19 during mid-day trading on Monday, reaching $28.06. The company had a trading volume of 142,021 shares, compared to its average volume of 2,400,617. The stock has a fifty day moving average of $29.90 and a two-hundred day moving average of $27.79. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The firm's revenue was up 16.2% compared to the same quarter last year. As a group, research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

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.