Squarepoint Ops LLC Takes $6.42 Million Position in StandardAero, Inc. (NYSE:SARO)

Squarepoint Ops LLC acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 259,376 shares of the company's stock, valued at approximately $6,422,000. Squarepoint Ops LLC owned approximately 0.08% of StandardAero at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in StandardAero in the 4th quarter worth $183,924,000. Carlyle Group Inc. bought a new position in StandardAero in the 4th quarter worth $165,294,000. T. Rowe Price Investment Management Inc. bought a new position in StandardAero in the 4th quarter worth $161,324,000. Price T Rowe Associates Inc. MD bought a new position in StandardAero in the 4th quarter worth $155,829,000. Finally, Vanguard Group Inc. bought a new position in StandardAero in the 4th quarter worth $147,628,000.

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the sale, the insider now directly owns 35,292,362 shares of the company's stock, valued at approximately $963,481,482.60. This represents a 13.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on SARO shares. Morgan Stanley decreased their price objective 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. UBS Group increased their price target on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen upgraded shares of StandardAero from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and a consensus target price of $35.11.

StandardAero Stock Down 0.1%

Shares of StandardAero stock traded down $0.04 during trading on Friday, hitting $28.98. The company's stock had a trading volume of 223,703 shares, compared to its average volume of 2,264,896. The company has a fifty day simple moving average of $26.85 and a two-hundred day simple moving average of $26.78. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced 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 firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.51 billion. StandardAero's revenue for the quarter was up 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal 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.