New York State Common Retirement Fund Invests $2.08 Million in StandardAero, Inc. (NYSE:SARO)

New York State Common Retirement Fund 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 SEC. The fund bought 84,034 shares of the company's stock, valued at approximately $2,081,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SARO. R Squared Ltd purchased a new stake in shares of StandardAero in the fourth quarter valued at approximately $39,000. Jennison Associates LLC acquired a new stake in StandardAero in the fourth quarter valued at $23,063,000. Renaissance Capital LLC purchased a new stake in shares of StandardAero during the 4th quarter worth $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of StandardAero during the 4th quarter worth $486,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of StandardAero in the 4th quarter valued at about $224,000.

Analysts Set New Price Targets

Separately, Bank of America decreased their price objective on shares of StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.67.

StandardAero Trading Down 3.5 %

NYSE SARO traded down $0.99 during trading hours on Monday, reaching $27.24. The company's stock had a trading volume of 691,106 shares, compared to its average volume of 1,265,940. The business's 50-day moving average price is $25.82. StandardAero, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $34.38.

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.