Cohen & Steers Inc. Purchases Shares of 20,000 StandardAero, Inc. (NYSE:SARO)

Cohen & Steers Inc. bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 20,000 shares of the company's stock, valued at approximately $495,000.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new stake in StandardAero during the 4th quarter worth $39,000. Jennison Associates LLC bought a new stake in shares of StandardAero during the fourth quarter worth about $23,063,000. Renaissance Capital LLC acquired a new position in shares of StandardAero in the fourth quarter valued at approximately $3,992,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in StandardAero during the 4th quarter worth approximately $486,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in StandardAero during the 4th quarter worth approximately $224,000.

Insider Buying and Selling at StandardAero

In related 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 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 $1,108,595,803.84. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SARO. Morgan Stanley reduced their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. UBS Group raised their price objective on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.89.

StandardAero Stock Up 0.7 %

SARO traded up $0.18 on Friday, hitting $25.44. The company's stock had a trading volume of 1,301,343 shares, compared to its average volume of 2,218,376. The company's 50 day simple moving average is $26.71 and its 200-day simple moving average is $27.36. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, sell-side analysts expect that StandardAero, Inc. will post 0.29 EPS for the current 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.