Zurcher Kantonalbank Zurich Cantonalbank Invests $402,000 in StandardAero, Inc. (NYSE:SARO)

Key Points

• Zurcher Kantonalbank invested approximately $402,000 in StandardAero, Inc. by purchasing 15,079 shares during the first quarter.
• Various institutional investors have increased their positions in StandardAero, including GAMMA Investing, which grew its stake by 272.3% to 1,128 shares valued at $30,000.
• Recent analyst ratings for StandardAero show a consensus rating of Moderate Buy with an average price target of $34.67, despite some firms lowering their target prices.

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,079 shares of the company's stock, valued at approximately $402,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of StandardAero by 272.3% in 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 during the last quarter. Cerity Partners LLC lifted its stake in shares of StandardAero by 1.3% in the first quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock valued at $1,847,000 after purchasing an additional 863 shares during the period. Bessemer Group Inc. acquired a new position in StandardAero during the fourth quarter worth about $28,000. KBC Group NV acquired a new position in StandardAero during the first quarter worth about $52,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of StandardAero during the fourth quarter worth about $54,000.

Analyst Ratings Changes

A number of research firms recently issued reports on SARO. UBS Group boosted their target price on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, CIBC lowered their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.67.

StandardAero Stock Performance

Shares of SARO opened at $28.15 on Friday. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company has a current ratio of 2.00, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $29.81 and a 200 day moving average price of $28.00.

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

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider owned 34,463,633 shares in the company, valued at $940,857,180.90. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

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.

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