Brown Advisory Inc. Boosts Holdings in StandardAero, Inc. (NYSE:SARO)

Brown Advisory Inc. raised its stake in StandardAero, Inc. (NYSE:SARO - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,827,499 shares of the company's stock after buying an additional 92,398 shares during the period. Brown Advisory Inc. owned about 1.14% of StandardAero worth $101,965,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SARO. Wellington Management Group LLP purchased a new stake in shares of StandardAero in the 4th quarter valued at $183,924,000. Carlyle Group Inc. purchased a new stake in StandardAero during the 4th quarter valued at $165,294,000. T. Rowe Price Investment Management Inc. purchased a new stake in StandardAero during the 4th quarter valued at $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in StandardAero during the 4th quarter valued at $155,829,000. Finally, Vanguard Group Inc. purchased a new stake in StandardAero during the 4th quarter valued at $147,628,000.

Insiders Place Their Bets

In other news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SARO shares. 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. CIBC decreased their price target on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group increased their price target 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. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

StandardAero Price Performance

NYSE:SARO traded down $0.14 on Friday, reaching $29.87. 1,259,035 shares of the stock traded hands, compared to its average volume of 2,332,732. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95. 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 $29.66 and its 200 day simple moving average is $27.35.

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

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.