Jane Street Group LLC Invests $2.41 Million in StandardAero, Inc. (NYSE:SARO)

Jane Street Group LLC purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,381 shares of the company's stock, valued at approximately $2,411,000.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group raised their target price on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Morgan Stanley dropped their price objective on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.11.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the completion of the transaction, the insider now owns 40,817,224 shares in the company, valued at $1,108,595,803.84. This trade represents a 13.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

StandardAero Price Performance

Shares of NYSE SARO traded down $0.11 during midday trading on Monday, hitting $29.84. 1,445,448 shares of the stock traded hands, compared to its average volume of 2,151,822. The firm has a 50-day moving average of $26.87 and a two-hundred day moving average of $26.79. StandardAero, Inc. has a one year low of $21.31 and a one year 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 earnings per share 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 the consensus estimate of $1.51 billion. StandardAero's revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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.