931,482 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Jennison Associates LLC

Jennison Associates LLC acquired a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 931,482 shares of the company's stock, valued at approximately $23,063,000. Jennison Associates LLC owned about 0.28% of StandardAero at the end of the most recent reporting period.

Separately, R Squared Ltd purchased a new stake in StandardAero in the 4th quarter valued at about $39,000.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SARO shares. CIBC initiated coverage on StandardAero in a report on Monday, October 28th. They issued a "sector outperform" rating and a $38.00 target price for the company. Morgan Stanley assumed coverage on StandardAero in a research note on Monday, October 28th. They issued an "equal weight" rating and a $33.00 price objective for the company. UBS Group started coverage on shares of StandardAero in a research report on Monday, October 28th. They set a "neutral" rating and a $34.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an "overweight" rating and a $36.00 price objective on the stock. Finally, Bank of America reduced their target price on shares of StandardAero from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $35.67.

StandardAero Trading Up 1.4 %

Shares of SARO stock traded up $0.38 during trading on Friday, reaching $27.43. 789,852 shares of the company's stock traded hands, compared to its average volume of 1,236,283. StandardAero, Inc. has a 1 year low of $22.50 and a 1 year high of $34.38. The stock has a 50-day moving average price of $25.69.

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.