Occudo Quantitative Strategies LP Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Occudo Quantitative Strategies LP bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,138 shares of the company's stock, valued at approximately $1,019,000.

A number of other large investors have also recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of StandardAero in the fourth quarter worth $3,367,000. Lazard Asset Management LLC bought a new position in shares of StandardAero in the fourth quarter worth $224,000. Janus Henderson Group PLC bought a new position in shares of StandardAero in the fourth quarter worth $145,849,000. Hudson Bay Capital Management LP bought a new position in shares of StandardAero in the fourth quarter worth $8,666,000. Finally, Group One Trading LLC bought a new position in shares of StandardAero in the fourth quarter worth $87,000.

StandardAero Price Performance

NYSE:SARO traded down $0.19 during trading hours on Friday, hitting $30.02. 1,232,334 shares of the company's stock traded hands, compared to its average volume of 2,156,347. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The business's fifty day simple moving average is $26.87 and its two-hundred day simple moving average is $26.82.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The firm's quarterly revenue was up 16.2% compared to the same quarter last year. On average, research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other StandardAero 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 transaction of $180,066,291.44. Following the completion of the sale, the insider now owns 40,817,224 shares of the company's stock, valued at $1,108,595,803.84. The trade was 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 this hyperlink. Corporate insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

SARO has been the subject of a number of analyst reports. Morgan Stanley cut their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. UBS Group raised their price target on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday. Three research 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 company. According to MarketBeat.com, the company presently has an average 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.