StandardAero, Inc. (NYSE:SARO) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,365 shares of the company's stock after buying an additional 23,086 shares during the quarter. Rhumbline Advisers' holdings in StandardAero were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in StandardAero during the 4th quarter worth $28,000. MetLife Investment Management LLC purchased a new stake in StandardAero during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. purchased a new stake in StandardAero during the 4th quarter valued at about $62,000. Sterling Capital Management LLC purchased a new stake in StandardAero during the 4th quarter valued at about $78,000. Finally, BNP Paribas Financial Markets purchased a new stake in StandardAero during the 4th quarter valued at about $79,000.

Wall Street Analysts Forecast Growth

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

StandardAero Trading Down 1.6%

Shares of SARO traded down $0.49 during mid-day trading on Friday, reaching $29.25. The company had a trading volume of 5,803,970 shares, compared to its average volume of 2,282,578. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $28.32 and a two-hundred day moving average of $26.94.

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

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the transaction, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This represents a 13.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 12,983,425 shares of company stock worth $353,519,326. 1.90% of the stock is owned by corporate 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.