381,856 Shares in StandardAero, Inc. (NYSE:SARO) Acquired by Woodline Partners LP

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

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. bought a new position in StandardAero during the fourth quarter valued at $28,000. R Squared Ltd bought a new position in shares of StandardAero in the fourth quarter worth about $39,000. 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. Finally, Sterling Capital Management LLC bought a new position in shares of StandardAero in the fourth quarter worth about $78,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded shares of StandardAero from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group upped their price target on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley cut their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.11.

StandardAero Stock Performance

Shares of SARO stock traded down $0.19 during mid-day trading on Wednesday, hitting $28.49. 409,385 shares of the stock traded hands, compared to its average volume of 2,262,001. The stock's fifty day moving average is $26.85 and its two-hundred day moving average is $26.77. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38.

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

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $27.30, for a total value of $150,828,732.60. Following the completion of the transaction, the insider now directly owns 35,292,362 shares of the company's stock, valued at $963,481,482.60. This trade represents a 13.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by 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.