ArrowMark Colorado Holdings LLC Acquires Shares of 588,597 StandardAero, Inc. (NYSE:SARO)

ArrowMark Colorado Holdings LLC bought a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 588,597 shares of the company's stock, valued at approximately $14,574,000. ArrowMark Colorado Holdings LLC owned 0.18% of StandardAero at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Carlyle Group Inc. bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $165,294,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of StandardAero during the fourth quarter valued at about $486,000. Renaissance Capital LLC purchased a new stake in StandardAero during the 4th quarter worth approximately $3,992,000. Jennison Associates LLC acquired a new position in StandardAero during the 4th quarter valued at approximately $23,063,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of StandardAero during the fourth quarter worth $5,226,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SARO shares. Morgan Stanley cut their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. UBS Group lifted their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. 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. Based on data from MarketBeat, StandardAero has an average rating of "Moderate Buy" and an average price target of $34.89.

StandardAero Stock Up 2.8 %

NYSE:SARO traded up $0.75 during trading hours on Thursday, reaching $27.87. 503,599 shares of the stock were exchanged, compared to its average volume of 2,225,833. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The business has a 50-day moving average of $26.57 and a two-hundred day moving average of $26.89.

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

Insiders Place Their Bets

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

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.