267,054 Shares in StandardAero, Inc. (NYSE:SARO) Purchased by Northern Trust Corp

Northern Trust Corp acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 267,054 shares of the company's stock, valued at approximately $6,612,000. Northern Trust Corp owned approximately 0.08% of StandardAero as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new stake in shares of StandardAero during the fourth quarter valued at about $796,000. Ghisallo Capital Management LLC bought a new stake in StandardAero during the 4th quarter worth approximately $24,760,000. Gilder Gagnon Howe & Co. LLC acquired a new position in StandardAero in the 4th quarter valued at approximately $1,457,000. Voya Investment Management LLC acquired a new position in StandardAero in the 4th quarter valued at approximately $24,564,000. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of StandardAero during the fourth quarter valued at $161,324,000.

StandardAero Stock Performance

Shares of SARO stock traded up $0.19 during trading hours on Friday, hitting $28.19. 7,276,812 shares of the company were exchanged, compared to its average volume of 2,263,175. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $34.38. The company has a 50 day simple moving average of $26.87 and a two-hundred day simple moving average of $26.77.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results 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 firm 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. On average, equities analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on SARO. Wall Street Zen upgraded StandardAero from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley lowered their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Finally, UBS Group upped their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.11.

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the completion of the sale, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. The trade was a 13.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

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.