Carlyle Group Inc. Takes $165.29 Million Position in StandardAero, Inc. (NYSE:SARO)

Carlyle Group Inc. purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,675,862 shares of the company's stock, valued at approximately $165,294,000. StandardAero makes up 37.0% of Carlyle Group Inc.'s holdings, making the stock its biggest holding. Carlyle Group Inc. owned about 2.00% of StandardAero at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Walleye Capital LLC acquired a new stake in shares of StandardAero during the 4th quarter worth approximately $3,397,000. XTX Topco Ltd bought a new stake in shares of StandardAero during the 4th quarter worth $353,000. Cohen & Steers Inc. bought a new position in StandardAero in the fourth quarter valued at about $495,000. Barclays PLC bought a new position in shares of StandardAero in the fourth quarter worth about $3,436,000. Finally, Next Century Growth Investors LLC bought a new stake in shares of StandardAero during the 4th quarter valued at approximately $6,870,000.

StandardAero Price Performance

Shares of SARO traded up $0.18 during mid-day trading on Friday, reaching $25.44. 1,301,343 shares of the company were exchanged, compared to its average volume of 2,218,376. The business has a 50 day simple moving average of $26.71 and a two-hundred day simple moving average of $27.36. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $1.37 billion. StandardAero's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities research analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group increased their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Morgan Stanley cut 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 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. According to MarketBeat, StandardAero presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $1,108,595,803.84. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

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.