XTX Topco Ltd Invests $353,000 in StandardAero, Inc. (NYSE:SARO)

XTX Topco Ltd purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 14,247 shares of the company's stock, valued at approximately $353,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SARO. R Squared Ltd acquired a new stake in shares of StandardAero in the fourth quarter valued at $39,000. Jennison Associates LLC bought a new stake in shares of StandardAero during the 4th quarter valued at $23,063,000. Renaissance Capital LLC acquired a new position in shares of StandardAero in the 4th quarter valued at $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of StandardAero during the fourth quarter worth $486,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in StandardAero in the fourth quarter valued at about $224,000.

StandardAero Trading Up 0.2 %

StandardAero stock traded up $0.06 during midday trading on Tuesday, reaching $26.84. 105,571 shares of the company's stock were exchanged, compared to its average volume of 2,172,585. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The stock's 50-day simple moving average is $26.56 and its 200 day simple moving average is $27.06.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. StandardAero's quarterly revenue was up 21.8% compared to the same quarter last year. Analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Insider Transactions at StandardAero

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

Analyst Ratings Changes

A number of analysts have recently commented on SARO shares. Morgan Stanley lowered 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. UBS Group lifted their price target on shares of StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, StandardAero currently has a consensus rating of "Moderate Buy" and an average target price of $34.89.

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.