StandardAero, Inc. (NYSE:SARO) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. lifted its holdings in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,827,499 shares of the company's stock after purchasing an additional 92,398 shares during the quarter. Brown Advisory Inc. owned 1.14% of StandardAero worth $101,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in shares of StandardAero during the fourth quarter valued at $28,000. GAMMA Investing LLC grew its position in shares of StandardAero by 272.3% during the first 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. KBC Group NV bought a new stake in StandardAero in the 1st quarter worth approximately $52,000. MetLife Investment Management LLC purchased a new position in shares of StandardAero in the 4th quarter worth approximately $54,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of StandardAero in the 4th quarter worth approximately $62,000.

StandardAero Stock Performance

Shares of NYSE SARO traded down $0.14 during midday trading on Friday, reaching $29.87. 1,261,683 shares of the company were exchanged, compared to its average volume of 2,332,732. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38. The stock has a fifty day simple moving average of $29.70 and a 200 day simple moving average of $27.39. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 2.00.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.44 billion for 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. As a group, research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SARO. Morgan Stanley reduced their price target 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. CIBC decreased their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday. UBS Group increased their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and a consensus target price of $34.67.

Insiders Place Their Bets

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the completion of the sale, the insider directly owned 35,292,362 shares in the company, valued at $963,481,482.60. This represents a 13.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.90% of the company's stock.

About StandardAero

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.