Steamboat Capital Partners LLC Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Steamboat Capital Partners LLC purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,788 shares of the company's stock, valued at approximately $242,000.

A number of other large investors have also added to or reduced their stakes in the stock. Steadfast Capital Management LP bought a new position in shares of StandardAero during the 4th quarter worth $21,543,000. Sandia Investment Management LP bought a new position in StandardAero during the fourth quarter worth about $310,000. Seven Grand Managers LLC purchased a new position in shares of StandardAero in the fourth quarter worth about $7,428,000. Silvercrest Asset Management Group LLC bought a new stake in shares of StandardAero in the fourth quarter valued at approximately $337,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of StandardAero during the 4th quarter valued at approximately $1,449,000.

StandardAero Stock Performance

Shares of SARO traded up $0.08 during trading hours on Friday, reaching $28.08. 1,879,414 shares of the company's stock traded hands, compared to its average volume of 2,361,915. 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 $26.88 and its 200-day simple moving average is $26.82.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The company's revenue was up 16.2% compared to the same quarter last year. As a group, equities analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SARO has been the topic of a number of analyst reports. Morgan Stanley lowered their target price 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. UBS Group boosted their price objective 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, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.11.

Insider Buying and Selling

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44. Following the transaction, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. The trade was a 13.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by company insiders.

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.