Sandia Investment Management LP Makes New $310,000 Investment in StandardAero, Inc. (NYSE:SARO)

Sandia Investment Management LP purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,500 shares of the company's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SARO. Bessemer Group Inc. acquired a new position in StandardAero during the 4th quarter worth $28,000. R Squared Ltd acquired a new position in StandardAero during the 4th quarter worth $39,000. MetLife Investment Management LLC acquired a new position in StandardAero during the 4th quarter worth $54,000. PNC Financial Services Group Inc. acquired a new position in StandardAero during the 4th quarter worth $62,000. Finally, Sterling Capital Management LLC acquired a new position in StandardAero during the 4th quarter worth $78,000.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were 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 directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of 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 objective on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.11.

StandardAero Trading Down 0.4%

Shares of NYSE SARO traded down $0.11 during midday trading on Monday, hitting $29.84. The company's stock had a trading volume of 1,445,448 shares, compared to its average volume of 2,151,822. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The firm's fifty day moving average price is $26.90 and its 200-day moving average price is $26.80.

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

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.