138,761 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Barclays PLC

Barclays PLC bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 138,761 shares of the company's stock, valued at approximately $3,436,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Next Century Growth Investors LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $6,870,000. Sterling Capital Management LLC acquired a new stake in shares of StandardAero during the 4th quarter worth approximately $78,000. Treasurer of the State of North Carolina acquired a new position in shares of StandardAero in the 4th quarter valued at $753,000. Phoenix Financial Ltd. purchased a new stake in StandardAero during the fourth quarter worth $1,244,000. Finally, Bessemer Group Inc. acquired a new stake in StandardAero during the fourth quarter valued at $28,000.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group raised their target price on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Morgan Stanley reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, StandardAero currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.

StandardAero Trading Up 0.2 %

StandardAero stock traded up $0.05 during mid-day trading on Wednesday, hitting $26.98. The company's stock had a trading volume of 1,115,253 shares, compared to its average volume of 2,186,857. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38. The stock's fifty day moving average is $26.57 and its two-hundred day moving average is $27.05.

StandardAero (NYSE:SARO - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates 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 business's revenue was up 21.8% on a year-over-year basis. As a group, research analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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 dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.