ArrowMark Colorado Holdings LLC Makes New Investment in StandardAero, Inc. (NYSE:SARO)

ArrowMark Colorado Holdings LLC acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 588,597 shares of the company's stock, valued at approximately $14,574,000. ArrowMark Colorado Holdings LLC owned 0.18% of StandardAero as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in StandardAero during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in StandardAero during the 4th quarter worth approximately $39,000. MetLife Investment Management LLC purchased a new position in StandardAero in the fourth quarter valued at approximately $54,000. PNC Financial Services Group Inc. acquired a new position in StandardAero during the fourth quarter valued at approximately $62,000. Finally, Sterling Capital Management LLC purchased a new stake in StandardAero during the fourth quarter worth approximately $78,000.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction on Thursday, March 27th. The shares were 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 $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 Securities & Exchange Commission, which is available at this link.

StandardAero Price Performance

SARO stock opened at $27.85 on Friday. The firm has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $26.99. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Morgan Stanley decreased their target price 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, StandardAero currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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