StandardAero (NYSE:SARO) Sets New 52-Week Low – What’s Next?

Shares of StandardAero, Inc. (NYSE:SARO) hit a new 52-week low on Monday . The company traded as low as $21.31 and last traded at $21.90, with a volume of 1335779 shares trading hands. The stock had previously closed at $23.13.

Analyst Upgrades and Downgrades

SARO has been the subject of several research reports. Morgan Stanley dropped their price target 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 shares of StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.89.

StandardAero Stock Up 13.6 %

The firm has a 50 day moving average of $27.01.

StandardAero (NYSE:SARO) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Insider Transactions at StandardAero

In related 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 transaction of $180,066,291.44. Following the completion of the sale, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in shares of StandardAero in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in StandardAero in the 4th quarter worth approximately $39,000. MetLife Investment Management LLC acquired a new position in StandardAero in the 4th quarter valued at $54,000. PNC Financial Services Group Inc. purchased a new position in shares of StandardAero during the 4th quarter worth $62,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $78,000.

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.