StandardAero (NYSE:SARO) Sees Large Volume Increase - What's Next?

StandardAero, Inc. (NYSE:SARO - Get Free Report) shares saw an uptick in trading volume on Thursday . 4,413,212 shares changed hands during trading, an increase of 103% from the previous session's volume of 2,174,036 shares.The stock last traded at $28.23 and had previously closed at $28.38.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SARO. Morgan Stanley cut their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Wall Street Zen upgraded shares of StandardAero from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group lifted their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.11.

StandardAero Price Performance

The business's 50-day moving average price is $26.85 and its two-hundred day moving average price is $26.76.

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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. StandardAero's revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the completion of the transaction, the insider now directly owns 40,817,224 shares in the company, valued at $1,108,595,803.84. The trade was a 13.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank bought a new stake in shares of StandardAero during the first quarter worth $26,000. Corebridge Financial Inc. grew its stake in shares of StandardAero by 46.8% during the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after buying an additional 344 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after buying an additional 825 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of StandardAero during the fourth quarter worth $28,000. Finally, R Squared Ltd bought a new stake in shares of StandardAero during the fourth quarter worth $39,000.

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.