2,076,800 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,076,800 shares of the company's stock, valued at approximately $55,679,000. Allspring Global Investments Holdings LLC owned 0.62% of StandardAero at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of StandardAero by 272.3% in the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Bessemer Group Inc. bought a new stake in StandardAero during the fourth quarter valued at about $28,000. MetLife Investment Management LLC purchased a new stake in StandardAero in the fourth quarter worth about $54,000. PNC Financial Services Group Inc. bought a new position in shares of StandardAero in the fourth quarter worth about $62,000. Finally, Sterling Capital Management LLC purchased a new position in shares of StandardAero during the 4th quarter valued at about $78,000.

Wall Street Analyst Weigh In

SARO has been the subject of a number of recent research reports. UBS Group boosted their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley dropped their price target 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. Finally, Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and an average price target of $35.11.

StandardAero Trading Down 0.3%

Shares of SARO stock traded down $0.09 during mid-day trading on Thursday, hitting $30.88. The company had a trading volume of 1,353,275 shares, compared to its average volume of 2,329,971. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. The stock's 50 day moving average price is $29.20 and its 200-day moving average price is $27.14. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. The company's quarterly revenue was up 16.2% on a year-over-year basis. On average, equities research analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling at StandardAero

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the sale, the insider directly owned 35,292,362 shares in the company, valued at approximately $963,481,482.60. The trade was a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.