Next Century Growth Investors LLC Invests $6.87 Million in StandardAero, Inc. (NYSE:SARO)

Next Century Growth Investors LLC acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 277,482 shares of the company's stock, valued at approximately $6,870,000. Next Century Growth Investors LLC owned approximately 0.08% of StandardAero as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in StandardAero during the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in shares of StandardAero during the 4th quarter worth approximately $39,000. PNC Financial Services Group Inc. acquired a new position in shares of StandardAero during the 4th quarter worth approximately $62,000. Sterling Capital Management LLC purchased a new stake in StandardAero in the 4th quarter valued at approximately $78,000. Finally, Amalgamated Bank acquired a new stake in StandardAero during the 4th quarter valued at $98,000.

StandardAero Stock Up 2.1 %

Shares of StandardAero stock traded up $0.53 during trading hours on Tuesday, hitting $25.58. 1,946,540 shares of the company's stock traded hands, compared to its average volume of 2,225,259. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The stock has a 50 day simple moving average of $26.83 and a 200-day simple moving average of $27.40.

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 the consensus estimate of $0.16 by ($0.20). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. The company's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

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Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction on Thursday, March 27th. The shares were 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 $1,108,595,803.84. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

A number of research analysts have issued reports on SARO shares. Morgan Stanley reduced their target price 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 upped their price objective on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Three equities 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

StandardAero 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.