Walleye Capital LLC Invests $3.40 Million in StandardAero, Inc. (NYSE:SARO)

Walleye Capital LLC acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 137,177 shares of the company’s stock, valued at approximately $3,397,000.

Several other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of StandardAero in the 4th quarter worth approximately $39,000. Jennison Associates LLC acquired a new stake in StandardAero in the fourth quarter worth $23,063,000. Renaissance Capital LLC bought a new stake in StandardAero in the fourth quarter valued at $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of StandardAero during the fourth quarter valued at $486,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of StandardAero during the fourth quarter worth about $224,000.

StandardAero Stock Up 0.7 %

NYSE SARO opened at $25.44 on Friday. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38. The business’s fifty day moving average is $26.75 and its two-hundred day moving average is $27.38.

StandardAero (NYSE:SARO) last announced its earnings results on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value 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. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley dropped their price target on shares of StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.89.

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.