35,509 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Two Sigma Investments LP

Two Sigma Investments LP purchased a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 35,509 shares of the company's stock, valued at approximately $879,000.

Several other institutional investors have also made changes to their positions in SARO. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of StandardAero during the fourth quarter worth $486,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in StandardAero during the 4th quarter worth about $224,000. Legato Capital Management LLC acquired a new stake in StandardAero during the 4th quarter worth about $335,000. Rhumbline Advisers acquired a new stake in StandardAero during the 4th quarter worth about $1,245,000. Finally, New York State Common Retirement Fund acquired a new stake in StandardAero during the 4th quarter worth about $2,081,000.

StandardAero Stock Up 2.7%

StandardAero stock traded up $0.81 during midday trading on Friday, reaching $30.51. 3,430,534 shares of the company traded hands, compared to its average volume of 2,279,290. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The business has a 50 day moving average of $27.11 and a two-hundred day moving average of $26.84.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. StandardAero's revenue was up 16.2% compared to the same quarter last year. Research analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 5,524,862 shares of the firm's 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 transaction, the insider now owns 35,292,362 shares of the company's stock, valued at approximately $963,481,482.60. This trade represents a 13.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 12,983,425 shares of company stock worth $353,519,326 over the last 90 days. 1.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SARO has been the subject of several research reports. Wall Street Zen upgraded StandardAero from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. UBS Group raised their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley dropped 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.11.

StandardAero Company 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.