StandardAero, Inc. (NYSE:SARO) Major Shareholder Sells $22,624,301.70 in Stock

StandardAero, Inc. (NYSE:SARO - Get Free Report) major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the sale, the insider now directly owns 34,463,633 shares of the company's stock, valued at $940,857,180.90. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, May 23rd, Private Ltd Gic sold 5,524,862 shares of StandardAero stock. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60.
• 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 Stock Up 0.5%

Shares of SARO traded up $0.15 during mid-day trading on Tuesday, hitting $29.79. The company's stock had a trading volume of 2,820,486 shares, compared to its average volume of 2,274,522. The stock's 50-day moving average is $26.89 and its two-hundred day moving average is $26.77. 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 posted its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The business's revenue for the quarter was up 16.2% on a year-over-year basis. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on SARO shares. UBS Group increased 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. Morgan Stanley lowered their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. Finally, Wall Street Zen raised shares of StandardAero from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.11.

Institutional Trading of StandardAero

Several institutional investors have recently bought and sold shares of the stock. Carlyle Group Inc. acquired a new stake in shares of StandardAero in the 4th quarter valued at $165,294,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in StandardAero in the fourth quarter valued at about $486,000. Renaissance Capital LLC acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $3,992,000. Jennison Associates LLC bought a new position in shares of StandardAero in the fourth quarter valued at approximately $23,063,000. Finally, JPMorgan Chase & Co. bought a new position in shares of StandardAero in the fourth quarter valued at approximately $5,226,000.

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.