2,510,500 Shares in StandardAero, Inc. (NYSE:SARO) Acquired by Federated Hermes Inc.

Federated Hermes Inc. bought a new stake in shares of StandardAero, Inc. (NYSE:SARO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,510,500 shares of the company’s stock, valued at approximately $62,160,000. Federated Hermes Inc. owned about 0.75% of StandardAero at the end of the most recent quarter.

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

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction dated 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 directly owns 40,817,224 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

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

StandardAero Price Performance

SARO opened at $23.14 on Monday. The stock has a 50 day moving average price of $27.30. StandardAero, Inc. has a 1-year low of $20.43 and a 1-year high of $34.38.

StandardAero (NYSE:SARO) last issued its quarterly earnings results 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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal 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.