Rhumbline Advisers Buys Shares of 50,279 StandardAero, Inc. (NYSE:SARO)

Rhumbline Advisers purchased a new position in shares of StandardAero, Inc. (NYSE:SARO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,279 shares of the company’s stock, valued at approximately $1,245,000.

Other large investors also recently modified their holdings of the company. Jennison Associates LLC bought a new position in shares of StandardAero during the fourth quarter valued at $23,063,000. Renaissance Capital LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at about $3,992,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of StandardAero during the fourth quarter worth about $486,000. Legato Capital Management LLC acquired a new position in shares of StandardAero in the fourth quarter worth approximately $335,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in StandardAero in the fourth quarter valued at approximately $224,000.

Wall Street Analyst Weigh In

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

StandardAero Stock Performance

StandardAero stock opened at $27.31 on Thursday. The company’s fifty day moving average is $25.85. StandardAero, Inc. has a 12-month low of $22.50 and a 12-month high of $34.38.

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.