Renaissance Capital LLC Buys Shares of 161,238 StandardAero, Inc. (NYSE:SARO)

Renaissance Capital LLC bought a new position in shares of StandardAero, Inc. (NYSE:SARO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 161,238 shares of the company’s stock, valued at approximately $3,992,000. StandardAero accounts for about 2.6% of Renaissance Capital LLC’s holdings, making the stock its 20th biggest holding.

Separately, R Squared Ltd acquired a new position in shares of StandardAero in the fourth quarter valued at approximately $39,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cibc World Mkts upgraded shares of StandardAero to a “strong-buy” rating in a research note on Monday, October 28th. UBS Group began coverage on StandardAero in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 target price for the company. Wolfe Research started coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $34.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $37.00 target price on the stock. Finally, Bank of America decreased their price target on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Three investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

StandardAero Stock Performance

Shares of SARO opened at $27.10 on Tuesday. StandardAero, Inc. has a twelve month low of $22.50 and a twelve month high of $34.38. The business has a fifty day moving average price of $25.82.

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.