Wells Fargo & Company MN Makes New $815,000 Investment in StandardAero, Inc. (NYSE:SARO)

Wells Fargo & Company MN purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 32,915 shares of the company's stock, valued at approximately $815,000.

A number of other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP bought a new position in shares of StandardAero in the fourth quarter worth about $183,924,000. Vanguard Group Inc. bought a new position in StandardAero in the 4th quarter worth approximately $147,628,000. Norges Bank purchased a new stake in StandardAero during the 4th quarter valued at approximately $124,422,000. Massachusetts Financial Services Co. MA purchased a new stake in StandardAero during the 4th quarter valued at approximately $102,894,000. Finally, Alliancebernstein L.P. purchased a new position in shares of StandardAero in the fourth quarter worth $75,447,000.

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction 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 completion of the sale, the insider now directly owns 40,817,224 shares of the company's stock, valued at $1,108,595,803.84. The trade was a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SARO. Morgan Stanley reduced their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. UBS Group increased their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.89.

StandardAero Stock Down 1.6 %

NYSE SARO traded down $0.43 during trading on Tuesday, hitting $27.23. The stock had a trading volume of 1,097,078 shares, compared to its average volume of 2,157,604. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The stock has a 50 day simple moving average of $26.60 and a 200 day simple moving average of $26.89.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. StandardAero's revenue was up 21.8% on a year-over-year basis. Research analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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.