Janus Henderson Group PLC Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Janus Henderson Group PLC purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,890,511 shares of the company's stock, valued at approximately $145,849,000. Janus Henderson Group PLC owned 1.76% of StandardAero as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of StandardAero in the fourth quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $39,000. MetLife Investment Management LLC acquired a new position in StandardAero during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. bought a new position in shares of StandardAero in the 4th quarter worth $62,000. Finally, Sterling Capital Management LLC bought a new stake in shares of StandardAero in the 4th quarter valued at $78,000.

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero 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 sale, the insider now owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. This trade represents a 13.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

StandardAero Stock Down 0.6%

Shares of StandardAero stock traded down $0.19 on Friday, hitting $30.02. The stock had a trading volume of 1,232,334 shares, compared to its average volume of 2,156,347. The stock's 50-day simple moving average is $26.84 and its two-hundred day simple moving average is $26.81. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced 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 analysts' expectations of $1.51 billion. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. Equities research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. UBS Group lifted their price target on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, StandardAero has an average rating of "Moderate Buy" and a consensus target price of $35.11.

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.