53,748 Shares in StandardAero, Inc. (NYSE:SARO) Acquired by Invesco Ltd.

Invesco Ltd. acquired a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 53,748 shares of the company's stock, valued at approximately $1,331,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SARO. R Squared Ltd purchased a new position in shares of StandardAero during the 4th quarter worth about $39,000. Jennison Associates LLC purchased a new position in shares of StandardAero during the fourth quarter valued at approximately $23,063,000. Renaissance Capital LLC bought a new position in shares of StandardAero during the fourth quarter valued at approximately $3,992,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of StandardAero in the fourth quarter worth approximately $486,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of StandardAero during the 4th quarter worth approximately $224,000.

StandardAero Stock Performance

SARO stock traded down $0.43 during trading on Tuesday, hitting $27.23. 1,097,078 shares of the company's stock traded hands, compared to its average volume of 2,157,604. The business has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $26.89. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The company reported ($0.04) EPS 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 analysts' expectations of $1.37 billion. StandardAero's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have weighed in on SARO shares. Morgan Stanley reduced their target price on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. UBS Group lifted their price objective on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $34.89.

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.