Brown Advisory Inc. Invests $92.48 Million in StandardAero, Inc. (NYSE:SARO)

Brown Advisory Inc. acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,735,101 shares of the company's stock, valued at approximately $92,481,000. Brown Advisory Inc. owned about 1.12% of StandardAero at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in StandardAero during the 4th quarter valued at about $28,000. R Squared Ltd purchased a new position in shares of StandardAero in the fourth quarter valued at about $39,000. MetLife Investment Management LLC bought a new position in shares of StandardAero during the fourth quarter valued at about $54,000. PNC Financial Services Group Inc. purchased a new stake in shares of StandardAero during the fourth quarter worth about $62,000. Finally, Sterling Capital Management LLC bought a new stake in shares of StandardAero in the fourth quarter worth about $78,000.

StandardAero Stock Down 1.1 %

NYSE:SARO traded down $0.32 on Friday, reaching $27.53. 2,915,853 shares of the stock traded hands, compared to its average volume of 2,150,023. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The company's fifty day simple moving average is $26.60 and its 200 day simple moving average is $26.81.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly 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 firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.37 billion. StandardAero's revenue was up 21.8% on a year-over-year basis. Analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SARO shares. UBS Group lifted their price objective on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research 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 equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, StandardAero currently has an average rating of "Moderate Buy" and an average price target of $34.89.

Insider Buying and Selling at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero 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 transaction, the insider now directly owns 40,817,224 shares in the company, valued at approximately $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 accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

StandardAero 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.