Invesco Ltd. Buys Shares of 53,748 StandardAero, Inc. (NYSE:SARO)

Invesco Ltd. purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 53,748 shares of the company's stock, valued at approximately $1,331,000.

A number of other large investors also recently modified their holdings of SARO. Wellington Management Group LLP acquired a new position in shares of StandardAero during the fourth quarter valued at about $183,924,000. Vanguard Group Inc. acquired a new position in shares of StandardAero in the 4th quarter valued at $147,628,000. Norges Bank bought a new stake in StandardAero in the 4th quarter valued at $124,422,000. Massachusetts Financial Services Co. MA bought a new position in StandardAero in the fourth quarter valued at $102,894,000. Finally, Alliancebernstein L.P. acquired a new stake in StandardAero in the fourth quarter valued at $75,447,000.

StandardAero Stock Performance

NYSE SARO traded up $0.74 on Friday, hitting $27.85. The stock had a trading volume of 943,762 shares, compared to its average volume of 2,173,189. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The firm has a 50-day moving average of $26.60 and a 200-day moving average of $26.99.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.37 billion. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. Analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company's stock in a transaction dated 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 owns 40,817,224 shares in the company, valued at $1,108,595,803.84. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SARO shares. UBS Group lifted their price target on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Morgan Stanley lowered their price objective on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Three investment 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $34.89.

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.