JPMorgan Chase & Co. Invests $5.23 Million in StandardAero, Inc. (NYSE:SARO)

JPMorgan Chase & Co. purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 211,078 shares of the company's stock, valued at approximately $5,226,000. JPMorgan Chase & Co. owned about 0.06% of StandardAero as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. acquired a new stake in StandardAero in the 4th quarter valued at about $147,628,000. Harbor Advisors LLC bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $622,000. Sei Investments Co. acquired a new stake in shares of StandardAero in the fourth quarter valued at approximately $1,579,000. Teacher Retirement System of Texas bought a new position in StandardAero in the 4th quarter worth approximately $18,691,000. Finally, Burkehill Global Management LP acquired a new position in StandardAero during the 4th quarter worth $24,760,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SARO. Morgan Stanley lowered their target price on 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 raised their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Three 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 an average price target of $34.89.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction 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 in the company, valued at approximately $1,108,595,803.84. The trade was a 13.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

StandardAero Price Performance

NYSE SARO traded up $1.08 during trading hours on Wednesday, reaching $25.95. 105,908 shares of the company's stock were exchanged, compared to its average volume of 2,348,232. The company's 50-day moving average is $26.60 and its two-hundred day moving average is $27.25. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. The firm's quarterly revenue was up 21.8% on a year-over-year basis. Analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal 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.