23,526 Shares in StandardAero, Inc. (NYSE:SARO) Bought by Arizona State Retirement System

Arizona State Retirement System purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,526 shares of the company's stock, valued at approximately $627,000.

A number of other hedge funds also recently bought and sold shares of SARO. GAMMA Investing LLC lifted its stake in StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares during the period. Cerity Partners LLC lifted its stake in StandardAero by 1.3% during the 1st quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock valued at $1,847,000 after acquiring an additional 863 shares during the period. Bessemer Group Inc. bought a new position in StandardAero during the 4th quarter valued at about $28,000. KBC Group NV bought a new position in StandardAero during the 1st quarter valued at about $52,000. Finally, MetLife Investment Management LLC bought a new position in StandardAero during the 4th quarter valued at about $54,000.

StandardAero Stock Down 0.2%

StandardAero stock traded down $0.07 during midday trading on Friday, hitting $28.28. The stock had a trading volume of 1,115,199 shares, compared to its average volume of 2,349,562. The firm's fifty day moving average is $29.90 and its two-hundred day moving average is $27.72. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company has a current ratio of 2.00, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95.

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

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the completion of the sale, the insider directly owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. This trade represents a 2.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group increased their price objective on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, CIBC lowered their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.67.

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.