Harbor Advisors LLC Invests $622,000 in StandardAero, Inc. (NYSE:SARO)

Harbor Advisors LLC acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,125 shares of the company’s stock, valued at approximately $622,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in StandardAero in the fourth quarter worth about $486,000. Renaissance Capital LLC purchased a new position in shares of StandardAero in the fourth quarter worth approximately $3,992,000. Jennison Associates LLC bought a new stake in StandardAero during the fourth quarter valued at approximately $23,063,000. Legato Capital Management LLC purchased a new stake in StandardAero during the fourth quarter valued at approximately $335,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in StandardAero in the fourth quarter worth approximately $224,000.

Wall Street Analyst Weigh In

SARO has been the subject of a number of recent research reports. Bank of America cut their price objective on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. UBS Group boosted their price target on StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley decreased their price objective on StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, StandardAero presently has an average rating of “Moderate Buy” and an average target price of $34.89.

StandardAero Stock Performance

Shares of SARO stock opened at $28.68 on Friday. StandardAero, Inc. has a one year low of $22.50 and a one year high of $34.38. The company’s fifty day moving average price is $26.83.

StandardAero (NYSE:SARO) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.20). The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

StandardAero Company 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.