New York State Common Retirement Fund Buys Shares of 84,034 StandardAero, Inc. (NYSE:SARO)

New York State Common Retirement Fund bought a new position in shares of StandardAero, Inc. (NYSE:SARO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 84,034 shares of the company’s stock, valued at approximately $2,081,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in StandardAero during the 4th quarter worth approximately $39,000. Jennison Associates LLC bought a new stake in shares of StandardAero during the fourth quarter worth $23,063,000. Renaissance Capital LLC acquired a new position in shares of StandardAero during the fourth quarter worth $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of StandardAero during the fourth quarter worth $486,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of StandardAero in the 4th quarter valued at $224,000.

Analyst Ratings Changes

Separately, Bank of America reduced their price objective on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Price Performance

NYSE SARO opened at $28.22 on Friday. StandardAero, Inc. has a twelve month low of $22.50 and a twelve month high of $34.38. The firm has a fifty day moving average of $25.78.

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.