Two Sigma Investments LP Invests $879,000 in StandardAero, Inc. (NYSE:SARO)

Two Sigma Investments LP bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 35,509 shares of the company's stock, valued at approximately $879,000.

Several other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in StandardAero in the fourth quarter valued at about $28,000. MetLife Investment Management LLC bought a new position in shares of StandardAero in the fourth quarter worth about $54,000. PNC Financial Services Group Inc. bought a new position in shares of StandardAero in the fourth quarter worth about $62,000. Sterling Capital Management LLC acquired a new stake in shares of StandardAero in the 4th quarter valued at approximately $78,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of StandardAero during the 4th quarter valued at approximately $79,000.

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $27.30, for a total value of $22,624,301.70. Following the transaction, the insider now owns 34,463,633 shares in the company, valued at approximately $940,857,180.90. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 12,983,425 shares of company stock valued at $353,519,326 in the last quarter. 1.90% of the stock is currently owned by company insiders.

StandardAero Stock Performance

NYSE:SARO traded up $0.05 on Tuesday, reaching $30.80. 1,474,738 shares of the stock traded hands, compared to its average volume of 2,272,511. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The company's 50 day moving average is $27.29 and its 200-day moving average is $26.85.

StandardAero (NYSE:SARO - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. Research analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

SARO has been the topic of a number of research analyst reports. Morgan Stanley cut their target price 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 raised their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen raised StandardAero from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.