Alkeon Capital Management Reduces $13M in StandardAero, Inc. ($SARO)
Key Points
- Alkeon Capital Management changed its StandardAero, Inc. ($SARO) stake by 29.4% last quarter, cutting to 1,202,019 shares worth $31.19 million.
- Wall Street's consensus rating on $SARO is Buy and an average price target of $35.61.
- $SARO last traded around $25.95.
Alkeon Capital Management reduced its position in StandardAero, Inc. ($SARO) by 29.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,202,019 shares of StandardAero, Inc. after selling 500,000 shares during the quarter. Alkeon Capital Management's holdings in StandardAero, Inc. were worth $31.19 million as of its most recent filing.
StandardAero, Inc. ($SARO) Stock
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About StandardAero, Inc.
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. The Component Repair Services segment offers engine component and accessory repairs to the commercial aerospace, military and helicopter, land and marine, and oil and gas end markets. StandardAero, Inc. was formerly known as Dynasty Parent Co., Inc. and changed its name to StandardAero, Inc. in September 2024. The company was founded in 1911 and is headquartered in Scottsdale, Arizona.
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