Gotham Asset Management LLC Takes Position in StandardAero, Inc. (NYSE:SARO)

Gotham Asset Management LLC purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 175,215 shares of the company's stock, valued at approximately $4,338,000. Gotham Asset Management LLC owned approximately 0.05% of StandardAero as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of StandardAero during the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in StandardAero during the fourth quarter valued at $39,000. MetLife Investment Management LLC bought a new stake in StandardAero in the fourth quarter worth $54,000. PNC Financial Services Group Inc. bought a new position in shares of StandardAero during the fourth quarter valued at $62,000. Finally, Sterling Capital Management LLC purchased a new position in shares of StandardAero in the 4th quarter worth about $78,000.

StandardAero Trading Up 1.1%

Shares of SARO stock opened at $30.17 on Thursday. The company has a 50 day moving average price of $26.76 and a 200-day moving average price of $26.81. 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 issued its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.51 billion. The business's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

SARO has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley reduced 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 report on Friday, March 14th. Three equities research 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. Based on data from MarketBeat.com, StandardAero has a consensus rating of "Moderate Buy" and a consensus target price of $35.11.

About StandardAero

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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