17,855 Shares in StandardAero, Inc. (NYSE:SARO) Acquired by Bank of Montreal Can

Bank of Montreal Can bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,855 shares of the company's stock, valued at approximately $442,000.

A number of other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP purchased a new position in StandardAero in the fourth quarter valued at approximately $183,924,000. Vanguard Group Inc. purchased a new position in StandardAero in the fourth quarter valued at approximately $147,628,000. Norges Bank purchased a new position in StandardAero in the fourth quarter valued at approximately $124,422,000. Massachusetts Financial Services Co. MA purchased a new position in shares of StandardAero during the fourth quarter worth approximately $102,894,000. Finally, Alliancebernstein L.P. purchased a new position in shares of StandardAero during the fourth quarter worth approximately $75,447,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SARO. Morgan Stanley lowered their target price on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. UBS Group raised their target price on shares of StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three equities research 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 stock. Based on data from MarketBeat, StandardAero currently has an average rating of "Moderate Buy" and an average price target of $34.89.

Insiders Place Their Bets

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 40,817,224 shares in the company, valued at $1,108,595,803.84. This represents 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 through the SEC website.

StandardAero Price Performance

Shares of NYSE SARO traded up $0.29 during mid-day trading on Monday, hitting $26.77. 953,769 shares of the company were exchanged, compared to its average volume of 2,187,071. The stock has a 50 day simple moving average of $26.56 and a 200-day simple moving average of $27.06. 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 issued 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 business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

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.