Legato Capital Management LLC Takes $335,000 Position in StandardAero, Inc. (NYSE:SARO)

Legato Capital Management LLC bought a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,550 shares of the company's stock, valued at approximately $335,000.

A number of other large investors also recently modified their holdings of SARO. R Squared Ltd purchased a new stake in StandardAero in the 4th quarter worth $39,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of StandardAero during the 4th quarter valued at about $224,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of StandardAero during the 4th quarter valued at about $486,000. Renaissance Capital LLC purchased a new stake in shares of StandardAero during the 4th quarter valued at about $3,992,000. Finally, Jennison Associates LLC purchased a new stake in shares of StandardAero during the 4th quarter valued at about $23,063,000.

StandardAero Price Performance

SARO stock traded up $0.01 during mid-day trading on Tuesday, reaching $26.59. The company had a trading volume of 203,115 shares, compared to its average volume of 1,337,063. The business has a 50 day moving average of $25.58. StandardAero, Inc. has a 12 month low of $22.50 and a 12 month high of $34.38.

Analysts Set New Price Targets

SARO has been the topic of several recent research reports. Wolfe Research initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set an "outperform" rating and a $34.00 target price on the stock. UBS Group initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set a "neutral" rating and a $34.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of StandardAero in a report on Monday, October 28th. They set an "overweight" rating and a $36.00 price target on the stock. CIBC initiated coverage on shares of StandardAero in a report on Monday, October 28th. They set a "sector outperform" rating and a $38.00 price target on the stock. Finally, Morgan Stanley initiated coverage on shares of StandardAero in a report on Monday, October 28th. They set an "equal weight" rating and a $33.00 price target on the stock. 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. Based on data from MarketBeat, StandardAero presently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

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.