Charles Schwab Investment Management Inc. Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Charles Schwab Investment Management Inc. acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 320,487 shares of the company's stock, valued at approximately $7,935,000. Charles Schwab Investment Management Inc. owned 0.10% of StandardAero at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of StandardAero in the 4th quarter worth about $39,000. Amalgamated Bank bought a new position in shares of StandardAero during the fourth quarter valued at approximately $98,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of StandardAero during the fourth quarter valued at approximately $224,000. Legato Capital Management LLC bought a new stake in shares of StandardAero in the 4th quarter worth approximately $335,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of StandardAero in the 4th quarter worth approximately $486,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SARO. Bank of America lowered their price objective on StandardAero from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Morgan Stanley lowered their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Finally, UBS Group raised 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 analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, StandardAero currently has a consensus rating of "Moderate Buy" and an average price target of $34.89.

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StandardAero Trading Up 1.3 %

SARO stock traded up $0.35 on Thursday, hitting $28.09. The company had a trading volume of 8,731,400 shares, compared to its average volume of 1,930,667. StandardAero, Inc. has a 12-month low of $22.50 and a 12-month high of $34.38. The company has a 50-day moving average of $27.13.

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 analysts' consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations 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 predict that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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.