Next Century Growth Investors LLC Invests $6.87 Million in StandardAero, Inc. (NYSE:SARO)

Next Century Growth Investors LLC acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 277,482 shares of the company's stock, valued at approximately $6,870,000. Next Century Growth Investors LLC owned approximately 0.08% of StandardAero as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new position in shares of StandardAero in the fourth quarter worth $183,924,000. Vanguard Group Inc. acquired a new position in StandardAero during the 4th quarter worth $147,628,000. Norges Bank purchased a new stake in StandardAero during the 4th quarter worth about $124,422,000. Massachusetts Financial Services Co. MA acquired a new stake in StandardAero in the 4th quarter valued at about $102,894,000. Finally, Alliancebernstein L.P. purchased a new position in shares of StandardAero in the 4th quarter valued at about $75,447,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Morgan Stanley lowered their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, StandardAero has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

Insider Activity

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total value of $180,066,291.44. Following the transaction, the insider now directly owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

StandardAero Trading Up 1.3 %

Shares of NYSE SARO traded up $0.33 during mid-day trading on Thursday, reaching $25.59. The company had a trading volume of 612,075 shares, compared to its average volume of 2,213,485. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The firm has a 50 day simple moving average of $26.79 and a two-hundred day simple moving average of $27.39.

StandardAero (NYSE:SARO - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, sell-side analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

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.