Lisanti Capital Growth LLC Invests $1.71 Million in StandardAero, Inc. (NYSE:SARO)

Lisanti Capital Growth LLC bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 69,170 shares of the company's stock, valued at approximately $1,713,000.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America lowered their price target on StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. UBS Group boosted their target price on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, StandardAero has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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StandardAero Trading Up 8.3 %

NYSE:SARO traded up $2.18 during mid-day trading on Tuesday, hitting $28.48. 3,532,872 shares of the stock were exchanged, compared to its average volume of 1,694,193. The stock's 50-day moving average price is $25.95. StandardAero, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported ($0.04) earnings per share 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. StandardAero's quarterly revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current 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.