Theleme Partners LLP Makes New $495,000 Investment in StandardAero, Inc. (NYSE:SARO)

Theleme Partners LLP bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company's stock, valued at approximately $495,000. StandardAero makes up about 0.0% of Theleme Partners LLP's holdings, making the stock its 11th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Carlyle Group Inc. purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $165,294,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $486,000. Renaissance Capital LLC purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $3,992,000. Jennison Associates LLC purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $23,063,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $5,226,000.

Wall Street Analysts Forecast Growth

SARO has been the subject of several research analyst reports. UBS Group raised 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. Morgan Stanley decreased their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.11.

StandardAero Trading Down 0.6%

StandardAero stock opened at $30.02 on Friday. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The firm has a 50 day simple moving average of $26.87 and a 200 day simple moving average of $26.80.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.51 billion. The company's revenue for the quarter was up 16.2% on a year-over-year basis. Analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction on Thursday, March 27th. The shares were 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 directly owns 40,817,224 shares in the company, valued at $1,108,595,803.84. The trade was a 13.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

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