Renaissance Capital LLC acquired a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 161,238 shares of the company's stock, valued at approximately $3,992,000. StandardAero makes up approximately 2.6% of Renaissance Capital LLC's investment portfolio, making the stock its 20th biggest holding.
Separately, R Squared Ltd acquired a new position in shares of StandardAero during the fourth quarter worth $39,000.
StandardAero Stock Performance
StandardAero stock traded up $0.38 during mid-day trading on Friday, reaching $27.43. The stock had a trading volume of 789,852 shares, compared to its average volume of 1,508,946. StandardAero, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $34.38. The company has a 50-day simple moving average of $25.69.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on SARO shares. Cibc World Mkts upgraded shares of StandardAero to a "strong-buy" rating in a report on Monday, October 28th. Wolfe Research initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an "outperform" rating and a $34.00 price target on the stock. Sanford C. Bernstein began coverage on shares of StandardAero in a research note on Monday, October 28th. They set an "outperform" rating and a $39.00 target price for the company. Jefferies Financial Group assumed coverage on shares of StandardAero in a report on Monday, October 28th. They issued a "buy" rating and a $38.00 target price on the stock. Finally, Bank of America decreased their price target on StandardAero from $34.00 to $32.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Three 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.67.
View Our Latest Stock Analysis on StandardAero
About StandardAero
(
Free Report)
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.
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