Massachusetts Financial Services Co. MA Reduces Stock Holdings in StandardAero, Inc. (NYSE:SARO)

Massachusetts Financial Services Co. MA cut its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,751,892 shares of the company's stock after selling 403,763 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.12% of StandardAero worth $99,950,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Carlyle Group Inc. bought a new stake in StandardAero during the 4th quarter valued at about $165,294,000. JPMorgan Chase & Co. bought a new stake in StandardAero during the 4th quarter valued at about $5,226,000. GAMMA Investing LLC lifted its holdings in StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares in the last quarter. Geode Capital Management LLC bought a new stake in StandardAero during the 4th quarter valued at about $23,737,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in StandardAero by 83.8% during 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 in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SARO. UBS Group boosted their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. CIBC reduced their price target on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Four 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's stock. According to MarketBeat.com, StandardAero currently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the business'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company's stock.

StandardAero Trading Down 1.2%

Shares of StandardAero stock traded down $0.36 on Friday, reaching $30.41. The stock had a trading volume of 1,214,946 shares, compared to its average volume of 2,315,548. The company has a 50 day moving average price of $30.00 and a 200 day moving average price of $27.57. 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 1 year low of $21.31 and a 1 year high of $34.38.

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

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.