Harbor Advisors LLC Buys Shares of 25,125 StandardAero, Inc. (NYSE:SARO)

Harbor Advisors LLC acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,125 shares of the company's stock, valued at approximately $622,000.

Several other institutional investors also recently bought and sold shares of the business. Burkehill Global Management LP purchased a new stake in StandardAero during the fourth quarter valued at about $24,760,000. Jennison Associates LLC acquired a new stake in StandardAero during the 4th quarter worth approximately $23,063,000. Teacher Retirement System of Texas purchased a new position in shares of StandardAero in the 4th quarter valued at $18,691,000. Charles Schwab Investment Management Inc. purchased a new position in StandardAero in the fourth quarter valued at about $7,935,000. Finally, Renaissance Capital LLC purchased a new stake in shares of StandardAero during the 4th quarter valued at about $3,992,000.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SARO shares. Morgan Stanley decreased their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Bank of America cut their target price on shares of StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. Finally, UBS Group lifted their target price on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.89.

Remove Ads

StandardAero Stock Up 1.3 %

Shares of SARO traded up $0.35 during trading hours on Thursday, hitting $28.09. 8,731,442 shares of the company were exchanged, compared to its average volume of 1,927,407. The business's fifty day moving average is $27.13. StandardAero, Inc. has a one year low of $22.50 and a one year high of $34.38.

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

About StandardAero

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.