Nuveen Asset Management LLC Takes Position in StandardAero, Inc. (NYSE:SARO)

Nuveen Asset Management LLC acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108,504 shares of the company's stock, valued at approximately $2,687,000.

Several other large investors have also made changes to their positions in SARO. Wellington Management Group LLP bought a new stake in StandardAero during the fourth quarter worth approximately $183,924,000. Carlyle Group Inc. purchased a new stake in shares of StandardAero during the 4th quarter worth $165,294,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of StandardAero during the 4th quarter worth $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of StandardAero during the 4th quarter worth $155,829,000. Finally, Vanguard Group Inc. purchased a new stake in StandardAero in the fourth quarter valued at about $147,628,000.

StandardAero Stock Up 0.5%

Shares of StandardAero stock traded up $0.14 on Wednesday, hitting $29.87. The stock had a trading volume of 1,887,316 shares, compared to its average volume of 2,272,214. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company's 50 day moving average price is $26.92 and its 200 day moving average price is $26.80.

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, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.51 billion. The firm's revenue was up 16.2% on a year-over-year basis. Equities research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

SARO has been the topic of a number of research reports. Wall Street Zen raised StandardAero from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. UBS Group raised their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, Morgan Stanley dropped their price objective on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, StandardAero presently has a consensus rating of "Moderate Buy" and an average target price of $35.11.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 5,524,862 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the transaction, the insider now owns 35,292,362 shares of the company's stock, valued at $963,481,482.60. This represents a 13.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 12,983,425 shares of company stock worth $353,519,326 in the last quarter. Company insiders own 1.90% of the company's stock.

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.