7 hours Ago By Defense World Staff
Russell Investments Group Ltd. bought a new position in StandardAero, Inc. ( NYSE:SARO – Free Report ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm bought 8,234 shares of the company’s stock, valued at approximately $204,000. Several other hedge funds and other institutional investors have also made changes to their positions in SARO. Wellington Management Group LLP acquired a new position in shares of StandardAero during the 4th quarter valued at $183,924,000.
Vanguard Group Inc. purchased a new stake in shares of StandardAero in the fourth quarter worth approximately $147,628,000. Norges Bank purchased a new stake in shares of StandardAero during the fourth quarter worth $124,422,000.
Massachusetts Financial Services Co. MA acquired a new position in StandardAero in the fourth quarter worth approximately $102,894,000. Finally, Alliancebernstein L.
P. bought a new stake in StandardAero in the fourth quarter worth $75,447,000. Analysts Set New Price Targets Several research firms recently issued reports on SARO.
UBS Group upped their price objective on shares of StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th.
Morgan Stanley decreased their price target on StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th.
Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.
89. Insider Transactions at StandardAero In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.
16, for a total value of $180,066,291.44. Following the sale, the insider now owns 40,817,224 shares in the company, valued at $1,108,595,803.
84. This represents a 13.97 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . StandardAero Trading Up 0.8 % Shares of NYSE:SARO opened at $26.
46 on Friday. The company has a 50 day moving average of $26.56 and a 200-day moving average of $27.
15. 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 earnings results on Monday, March 10th.
The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.
20). The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.
37 billion. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year.
Research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.
StandardAero Profile ( Free Report ) 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.
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