Bleakley Financial Group LLC Buys Shares of 18,877 StandardAero, Inc. (NYSE:SARO)

Bleakley Financial Group LLC bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,877 shares of the company's stock, valued at approximately $503,000.

Several other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of StandardAero in the fourth quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in shares of StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the period. KBC Group NV purchased a new position in StandardAero during the 1st quarter valued at about $52,000. MetLife Investment Management LLC purchased a new position in StandardAero during the 4th quarter valued at about $54,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of StandardAero during the fourth quarter worth about $62,000.

StandardAero Stock Down 1.2%

SARO traded down $0.36 during trading on Friday, hitting $30.41. The company had a trading volume of 1,214,946 shares, compared to its average volume of 2,315,548. The business has a 50-day moving average of $29.94 and a 200-day moving average of $27.52. 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, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38.

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

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction 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 owned 34,463,633 shares in the company, valued at $940,857,180.90. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.