Hudson Bay Capital Management LP Invests $8.67 Million in StandardAero, Inc. (NYSE:SARO)

Hudson Bay Capital Management LP purchased a new position in shares of StandardAero, Inc. (NYSE:SARO) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 350,000 shares of the company’s stock, valued at approximately $8,666,000.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $183,924,000. Carlyle Group Inc. bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $165,294,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $161,324,000. Price T Rowe Associates Inc. MD bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $155,829,000. Finally, Vanguard Group Inc. bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $147,628,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. 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 research report on Friday, March 14th. Three investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.89.

StandardAero Trading Down 1.1%

Shares of NYSE:SARO opened at $27.53 on Monday. The business’s fifty day moving average price is $26.60 and its two-hundred day moving average price is $26.78. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $34.38.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44. Following the transaction, the insider now owns 40,817,224 shares in the company, valued at $1,108,595,803.84. This trade represents a 13.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

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.