Calamos Advisors LLC Acquires New Holdings in StandardAero, Inc. (NYSE:SARO)

Calamos Advisors LLC bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 9,460 shares of the company's stock, valued at approximately $252,000.

Other hedge funds also recently made changes to their positions in the company. Carlyle Group Inc. purchased a new position in StandardAero during the 4th quarter valued at about $165,294,000. JPMorgan Chase & Co. purchased a new position in shares of StandardAero during the fourth quarter worth about $5,226,000. Geode Capital Management LLC purchased a new position in shares of StandardAero during the fourth quarter worth about $23,737,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of StandardAero by 83.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after purchasing an additional 7,578 shares in the last quarter. Finally, Harbor Advisors LLC purchased a new position in shares of StandardAero during the fourth quarter worth about $622,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley cut their price objective on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC cut their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday. Finally, UBS Group boosted their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.67.

Insider Activity at StandardAero

In other 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 sale, the insider owned 34,463,633 shares in the company, valued at $940,857,180.90. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

StandardAero Stock Down 0.5%

SARO traded down $0.14 during trading on Friday, reaching $29.87. The stock had a trading volume of 1,261,683 shares, compared to its average volume of 2,332,732. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. The stock's 50 day moving average is $29.70 and its two-hundred day moving average is $27.38.

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

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.