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

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

Several other hedge funds have also recently added to or reduced their stakes in the company. Carlyle Group Inc. purchased a new stake in shares of StandardAero in the 4th quarter valued at approximately $165,294,000. JPMorgan Chase & Co. purchased a new stake in StandardAero during the 4th quarter worth approximately $5,226,000. Geode Capital Management LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at $23,737,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of StandardAero by 83.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock valued at $443,000 after buying an additional 7,578 shares during the period. Finally, Harbor Advisors LLC purchased a new position in StandardAero in the fourth quarter worth approximately $622,000.

Insider Activity

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

StandardAero Stock Performance

Shares of NYSE:SARO traded down $0.28 on Wednesday, hitting $30.17. The company had a trading volume of 3,606,792 shares, compared to its average volume of 2,343,910. The business has a 50 day moving average of $29.54 and a 200 day moving average of $27.30. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. 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 (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. The firm's quarterly revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group upped their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. CIBC decreased their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research report 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, Morgan Stanley reduced their target price on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, StandardAero presently has a consensus rating of "Moderate Buy" and an average 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.