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

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

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Carlyle Group Inc. bought a new position in StandardAero in the fourth quarter valued at $165,294,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of StandardAero in the 4th quarter valued at about $486,000. Renaissance Capital LLC bought a new position in shares of StandardAero in the 4th quarter valued at about $3,992,000. Jennison Associates LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at about $23,063,000. Finally, JPMorgan Chase & Co. bought a new stake in StandardAero during the fourth quarter worth about $5,226,000.

Analyst Ratings Changes

SARO has been the subject of a number of recent analyst reports. UBS Group increased their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley reduced their price target 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 equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.11.

StandardAero Stock Down 1.6%

StandardAero stock traded down $0.45 during mid-day trading on Thursday, hitting $27.93. 8,365,108 shares of the stock were exchanged, compared to its average volume of 2,197,157. The firm's fifty day simple moving average is $26.90 and its two-hundred day simple moving average is $26.82. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last posted 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The business's quarterly revenue was up 16.2% compared to the same quarter last year. Equities analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction that occurred on 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by company 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.