GAMMA Investing LLC Increases Stock Holdings in StandardAero, Inc. (NYSE:SARO)

GAMMA Investing LLC boosted its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 9,817.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,050 shares of the company’s stock after purchasing an additional 29,747 shares during the quarter. GAMMA Investing LLC’s holdings in StandardAero were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bessemer Group Inc. bought a new stake in shares of StandardAero in the 4th quarter valued at approximately $28,000. MetLife Investment Management LLC acquired a new position in StandardAero during the 4th quarter worth $54,000. PNC Financial Services Group Inc. acquired a new position in StandardAero during the 4th quarter worth $62,000. Sterling Capital Management LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at $78,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of StandardAero in the fourth quarter valued at $79,000.

StandardAero Trading Down 0.9%

Shares of NYSE:SARO opened at $30.22 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The business’s 50 day moving average is $28.03 and its 200-day moving average is $26.91.

StandardAero (NYSE:SARO) last posted its earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The business’s revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 5,524,862 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the transaction, the insider now owns 35,292,362 shares of the company’s stock, valued at approximately $963,481,482.60. The trade was a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 12,983,425 shares of company stock valued at $353,519,326.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their target price on StandardAero from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley lowered their price objective on StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.11.

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.