Lisanti Capital Growth LLC Purchases New Shares in StandardAero, Inc. (NYSE:SARO)

Lisanti Capital Growth LLC purchased a new stake in StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69,170 shares of the company’s stock, valued at approximately $1,713,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SARO. R Squared Ltd purchased a new stake in StandardAero in the 4th quarter valued at $39,000. Jennison Associates LLC purchased a new stake in shares of StandardAero during the 4th quarter valued at $23,063,000. Renaissance Capital LLC purchased a new stake in shares of StandardAero during the 4th quarter valued at $3,992,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of StandardAero during the 4th quarter valued at $486,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of StandardAero during the 4th quarter valued at $224,000.

StandardAero Stock Down 2.6 %

Shares of NYSE SARO opened at $26.60 on Friday. StandardAero, Inc. has a 52 week low of $22.50 and a 52 week high of $34.38. The business has a 50-day moving average of $25.88.

Wall Street Analysts Forecast Growth

Separately, Bank of America decreased their target price on StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.67.

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.