Insider Selling: StandardAero, Inc. (NYSE:SARO) Major Shareholder Sells 5,524,862 Shares of Stock

StandardAero, Inc. (NYSE:SARO - Get Free Report) major shareholder Private Ltd Gic sold 5,524,862 shares of StandardAero stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the sale, the insider now owns 35,292,362 shares in the company, valued at $963,481,482.60. This represents a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Private Ltd Gic also recently made the following trade(s):

• On Thursday, May 29th, Private Ltd Gic sold 828,729 shares of StandardAero stock. The stock was sold at an average price of $27.30, for a total value of $22,624,301.70.
• On Thursday, March 27th, Private Ltd Gic sold 6,629,834 shares of StandardAero stock. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44.

StandardAero Price Performance

Shares of NYSE SARO traded up $0.30 during trading on Friday, reaching $29.32. The stock had a trading volume of 1,948,345 shares, compared to its average volume of 2,275,169. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The firm's 50 day moving average price is $26.86 and its two-hundred day moving average price is $26.77.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SARO. Carlyle Group Inc. boosted its position in StandardAero by 1,912.5% during the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after purchasing an additional 127,676,968 shares during the period. Wellington Management Group LLP acquired a new position in StandardAero during the 4th quarter valued at approximately $183,924,000. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero during the 4th quarter valued at approximately $161,324,000. Price T Rowe Associates Inc. MD acquired a new position in StandardAero during the 4th quarter valued at approximately $155,829,000. Finally, Vanguard Group Inc. acquired a new position in StandardAero during the 4th quarter valued at approximately $147,628,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SARO. Wall Street Zen upgraded StandardAero from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. UBS Group boosted their price target 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 lowered their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.11.

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.