19,143 Shares in StandardAero, Inc. (NYSE:SARO) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,143 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SARO. R Squared Ltd bought a new position in StandardAero during the fourth quarter worth about $39,000. Renaissance Capital LLC bought a new position in StandardAero during the fourth quarter worth about $3,992,000. Finally, Jennison Associates LLC bought a new position in StandardAero during the fourth quarter worth about $23,063,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on StandardAero in a report on Monday, October 28th. They set a "buy" rating and a $38.00 price target for the company. Morgan Stanley assumed coverage on StandardAero in a report on Monday, October 28th. They set an "equal weight" rating and a $33.00 price target for the company. Sanford C. Bernstein assumed coverage on StandardAero in a report on Monday, October 28th. They set an "outperform" rating and a $39.00 price target for the company. Royal Bank of Canada initiated coverage on StandardAero in a report on Monday, October 28th. They set an "outperform" rating and a $37.00 price target for the company. Finally, UBS Group started coverage on StandardAero in a report on Monday, October 28th. They set a "neutral" rating and a $34.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $35.67.

StandardAero Trading Down 1.3 %

Shares of StandardAero stock traded down $0.36 on Friday, hitting $26.63. The stock had a trading volume of 968,297 shares, compared to its average volume of 1,236,283. StandardAero, Inc. has a twelve month low of $22.50 and a twelve month high of $34.38. The company has a 50 day moving average price of $25.59.

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.