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

Rhumbline Advisers acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,279 shares of the company’s stock, valued at approximately $1,245,000.

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

Analysts Set New Price Targets

Separately, Bank of America decreased their price objective 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 equities research 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. Based on data from MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Price Performance

Shares of SARO stock opened at $27.31 on Thursday. The firm’s 50-day moving average is $25.85. StandardAero, Inc. has a 1-year low of $22.50 and a 1-year 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.