Ghisallo Capital Management LLC Purchases New Holdings in StandardAero, Inc. (NYSE:SARO)

Ghisallo Capital Management LLC purchased a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000,000 shares of the company's stock, valued at approximately $24,760,000. StandardAero accounts for about 1.4% of Ghisallo Capital Management LLC's holdings, making the stock its 15th largest position. Ghisallo Capital Management LLC owned 0.30% of StandardAero as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at about $1,457,000. Voya Investment Management LLC bought a new stake in shares of StandardAero during the 4th quarter valued at about $24,564,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of StandardAero during the 4th quarter valued at about $161,324,000. Price T Rowe Associates Inc. MD bought a new stake in shares of StandardAero during the 4th quarter valued at about $155,829,000. Finally, Yaupon Capital Management LP bought a new stake in shares of StandardAero during the 4th quarter valued at about $3,181,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group upped their target price on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Morgan Stanley cut their target price on 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 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.89.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction that occurred 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 directly owns 40,817,224 shares of the company's stock, valued at $1,108,595,803.84. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

StandardAero Stock Up 0.4 %

NYSE:SARO traded up $0.11 on Tuesday, hitting $26.89. The stock had a trading volume of 3,228,133 shares, compared to its average volume of 2,194,349. The business's fifty day moving average is $26.56 and its 200 day moving average is $27.06. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.20). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The business's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal 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.