Walleye Capital LLC Invests $3.40 Million in StandardAero, Inc. (NYSE:SARO)

Walleye Capital LLC acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 137,177 shares of the company's stock, valued at approximately $3,397,000.

A number of other institutional investors have also recently added to or reduced their stakes in SARO. XTX Topco Ltd acquired a new stake in shares of StandardAero in the fourth quarter valued at approximately $353,000. Cohen & Steers Inc. bought a new position in StandardAero in the 4th quarter worth approximately $495,000. Barclays PLC acquired a new stake in StandardAero in the 4th quarter valued at approximately $3,436,000. Next Century Growth Investors LLC bought a new stake in StandardAero during the 4th quarter valued at $6,870,000. Finally, Sterling Capital Management LLC acquired a new position in StandardAero during the 4th quarter worth $78,000.

StandardAero Stock Performance

Shares of NYSE:SARO traded up $0.80 during trading hours on Wednesday, hitting $25.67. 166,380 shares of the company's stock traded hands, compared to its average volume of 2,348,863. The company's fifty day simple moving average is $26.60 and its two-hundred day simple moving average is $27.25. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued 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 company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.37 billion. The firm's revenue was up 21.8% compared to the same quarter last year. Analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SARO has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. UBS Group increased their target price on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, StandardAero presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $27.16, for a total value of $180,066,291.44. Following the completion of the transaction, the insider now directly owns 40,817,224 shares in the company, valued at $1,108,595,803.84. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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.