Theleme Partners LLP Buys New Shares in StandardAero, Inc. (NYSE:SARO)

Theleme Partners LLP bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company's stock, valued at approximately $495,000. StandardAero comprises approximately 0.0% of Theleme Partners LLP's portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of SARO. Steamboat Capital Partners LLC bought a new stake in shares of StandardAero in the fourth quarter valued at $242,000. Steadfast Capital Management LP bought a new stake in StandardAero in the 4th quarter valued at about $21,543,000. Sandia Investment Management LP bought a new stake in StandardAero in the 4th quarter valued at about $310,000. Seven Grand Managers LLC purchased a new stake in StandardAero during the fourth quarter valued at about $7,428,000. Finally, Silvercrest Asset Management Group LLC bought a new position in StandardAero during the fourth quarter worth about $337,000.

StandardAero Trading Up 0.8%

Shares of StandardAero stock traded up $0.23 on Friday, reaching $28.23. The stock had a trading volume of 2,145,917 shares, compared to its average volume of 2,232,177. The business's 50 day moving average is $26.88 and its two-hundred day moving average is $26.82. 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 posted its earnings results 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 analysts' expectations of $1.51 billion. The company's revenue was up 16.2% on a year-over-year basis. On average, equities analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the completion of the transaction, the insider now owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. The trade was a 13.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SARO has been the topic of several research reports. Morgan Stanley lowered their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. UBS Group lifted their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Three 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 stock. According to MarketBeat, StandardAero has an average rating of "Moderate Buy" and an average price target of $35.11.

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.