Private Ltd Gic Sells 6,629,834 Shares of StandardAero, Inc. (NYSE:SARO) Stock

StandardAero, Inc. (NYSE:SARO) major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total value of $180,066,291.44. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

StandardAero Trading Down 3.1 %

Shares of NYSE SARO opened at $27.18 on Friday. The stock’s 50-day simple moving average is $27.26. StandardAero, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $34.38.

StandardAero (NYSE:SARO) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 21.8% on a year-over-year basis. Equities analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On StandardAero

Large investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of StandardAero during the fourth quarter worth about $39,000. Jennison Associates LLC acquired a new position in StandardAero during the fourth quarter worth approximately $23,063,000. Renaissance Capital LLC purchased a new stake in StandardAero in the fourth quarter valued at approximately $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of StandardAero in the fourth quarter valued at approximately $486,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of StandardAero during the fourth quarter worth approximately $224,000.

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.