XTX Topco Ltd Acquires New Position in StandardAero, Inc. (NYSE:SARO)

XTX Topco Ltd bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,247 shares of the company's stock, valued at approximately $353,000.

Several other large investors also recently bought and sold shares of the stock. Cohen & Steers Inc. acquired a new stake in shares of StandardAero in the 4th quarter valued at $495,000. Barclays PLC purchased a new position in StandardAero in the fourth quarter valued at $3,436,000. Next Century Growth Investors LLC acquired a new stake in StandardAero in the fourth quarter valued at $6,870,000. Sterling Capital Management LLC purchased a new stake in StandardAero during the 4th quarter worth about $78,000. Finally, Treasurer of the State of North Carolina acquired a new position in shares of StandardAero during the 4th quarter worth about $753,000.

StandardAero Price Performance

Shares of SARO stock traded up $0.20 during trading hours on Friday, hitting $26.46. The stock had a trading volume of 1,238,875 shares, compared to its average volume of 2,195,817. The stock's 50 day moving average is $26.56 and its 200 day moving average is $27.12. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly 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% on a year-over-year basis. As a group, equities analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SARO shares. UBS Group raised their target price on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Morgan Stanley cut their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the completion of the sale, the insider now owns 40,817,224 shares in the company, valued at $1,108,595,803.84. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.