Legato Capital Management LLC Makes New $335,000 Investment in StandardAero, Inc. (NYSE:SARO)

Legato Capital Management LLC acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,550 shares of the company’s stock, valued at approximately $335,000.

Several other institutional investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of StandardAero during the 4th quarter valued at about $224,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of StandardAero during the 4th quarter valued at about $486,000. Renaissance Capital LLC bought a new position in shares of StandardAero during the 4th quarter valued at about $3,992,000. Jennison Associates LLC acquired a new stake in StandardAero in the 4th quarter valued at approximately $23,063,000. Finally, R Squared Ltd acquired a new stake in StandardAero in the 4th quarter valued at approximately $39,000.

StandardAero Trading Down 1.3 %

NYSE:SARO opened at $26.63 on Friday. StandardAero, Inc. has a twelve month low of $22.50 and a twelve month high of $34.38. The business’s 50 day moving average is $25.59.

Analyst Upgrades and Downgrades

SARO has been the topic of a number of recent research reports. Cibc World Mkts raised StandardAero to a “strong-buy” rating in a research report on Monday, October 28th. Sanford C. Bernstein initiated coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $39.00 target price on the stock. Jefferies Financial Group initiated coverage on StandardAero in a research report on Monday, October 28th. They issued a “buy” rating and a $38.00 target price on the stock. CIBC initiated coverage on StandardAero in a research report on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 target price on the stock. Finally, UBS Group started coverage on StandardAero in a research report on Monday, October 28th. They issued a “neutral” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.67.

About StandardAero

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.