Calamos Advisors LLC Acquires Shares of 9,460 StandardAero, Inc. (NYSE:SARO)

Calamos Advisors LLC purchased a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,460 shares of the company's stock, valued at approximately $252,000.

Several other large investors have also modified their holdings of the business. Bessemer Group Inc. bought a new position in shares of StandardAero during the 4th quarter worth approximately $28,000. GAMMA Investing LLC raised its stake in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after acquiring an additional 825 shares in the last quarter. KBC Group NV bought a new position in shares of StandardAero during the 1st quarter worth approximately $52,000. MetLife Investment Management LLC bought a new position in shares of StandardAero during the 4th quarter worth approximately $54,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of StandardAero during the 4th quarter worth approximately $62,000.

StandardAero Price Performance

Shares of SARO opened at $30.79 on Tuesday. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The firm has a 50-day simple moving average of $29.47 and a two-hundred day simple moving average of $27.27. 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 (NYSE:SARO - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. The company's revenue was up 16.2% compared to the same quarter last year. On average, analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 828,729 shares of the company's 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 directly owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. This represents a 2.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

SARO has been the topic of several research analyst reports. Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group boosted their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley dropped their target price on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.11.

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.

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