Woodline Partners LP Buys Shares of 381,856 StandardAero, Inc. (NYSE:SARO)

Woodline Partners LP acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 381,856 shares of the company's stock, valued at approximately $9,455,000. Woodline Partners LP owned 0.11% of StandardAero as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SARO. Bessemer Group Inc. bought a new position in StandardAero in the 4th quarter worth about $28,000. R Squared Ltd bought a new position in StandardAero in the 4th quarter worth approximately $39,000. MetLife Investment Management LLC acquired a new stake in StandardAero in the 4th quarter valued at approximately $54,000. PNC Financial Services Group Inc. bought a new stake in StandardAero during the 4th quarter valued at $62,000. Finally, Sterling Capital Management LLC bought a new stake in StandardAero during the 4th quarter valued at $78,000.

StandardAero Price Performance

Shares of NYSE SARO opened at $28.01 on Friday. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The firm has a 50-day moving average of $26.88 and a two-hundred day moving average of $26.82.

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 analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. The company's quarterly revenue was up 16.2% on a year-over-year basis. Equities analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at StandardAero

In related 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 of the company's stock, valued at approximately $1,108,595,803.84. This trade represents a 13.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on SARO shares. UBS Group raised their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Morgan Stanley decreased their target price on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and a consensus target price 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.

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