Machina Capital S.A.S. Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Machina Capital S.A.S. bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,776 shares of the company's stock, valued at approximately $527,000.

A number of other institutional investors have also modified their holdings of SARO. Bessemer Group Inc. purchased a new position in shares of StandardAero during the fourth quarter worth approximately $28,000. GAMMA Investing LLC increased its holdings in StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the period. KBC Group NV purchased a new position in StandardAero during the first quarter valued at approximately $52,000. MetLife Investment Management LLC purchased a new position in StandardAero during the fourth quarter valued at approximately $54,000. Finally, PNC Financial Services Group Inc. purchased a new position in StandardAero during the fourth quarter valued at approximately $62,000.

Insider Activity at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero 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 completion of the sale, the insider owned 34,463,633 shares of the company's stock, valued at approximately $940,857,180.90. The trade was a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

StandardAero Price Performance

SARO traded down $0.07 during trading on Friday, hitting $28.28. The stock had a trading volume of 1,115,199 shares, compared to its average volume of 2,349,562. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month 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 has a 50 day simple moving average of $29.90 and a two-hundred day simple moving average of $27.72.

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, topping the consensus estimate 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 quarterly revenue was up 16.2% compared to the same quarter last year. As a group, research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SARO shares. CIBC cut their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, UBS Group lifted their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Four 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. According to data from MarketBeat, StandardAero currently has a consensus rating of "Moderate Buy" and an average price target 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.