Jennison Associates LLC Takes $23.06 Million Position in StandardAero, Inc. (NYSE:SARO)

Jennison Associates LLC bought a new position in shares of StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 931,482 shares of the company’s stock, valued at approximately $23,063,000.

Separately, R Squared Ltd acquired a new stake in StandardAero during the 4th quarter worth about $39,000.

Wall Street Analyst Weigh In

SARO has been the topic of several research analyst reports. Cibc World Mkts upgraded StandardAero to a “strong-buy” rating in a research report on Monday, October 28th. Sanford C. Bernstein began coverage on StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $39.00 price target on the stock. Morgan Stanley began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “equal weight” rating and a $33.00 price objective for the company. Wolfe Research started coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $34.00 target price on the stock. Finally, CIBC initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.67.

StandardAero Stock Performance

StandardAero stock opened at $27.20 on Thursday. The firm has a fifty day simple moving average of $25.75. 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.