Seven Grand Managers LLC Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Seven Grand Managers LLC purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 300,000 shares of the company's stock, valued at approximately $7,428,000. StandardAero accounts for approximately 3.4% of Seven Grand Managers LLC's holdings, making the stock its 13th biggest position. Seven Grand Managers LLC owned about 0.09% of StandardAero at the end of the most recent quarter.

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

StandardAero Trading Down 0.0%

Shares of SARO stock opened at $30.19 on Friday. The firm's fifty day moving average price is $26.84 and its two-hundred day moving average price is $26.81. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.51 billion. The business's revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SARO shares. 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 report on Friday, March 14th. UBS Group upped their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.11.

Insider Buying and Selling at StandardAero

In related 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 transaction, the insider now 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 SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company's stock.

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.

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