Phoenix Financial Ltd. Buys Shares of 50,260 StandardAero, Inc. (NYSE:SARO)

Phoenix Financial Ltd. acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,260 shares of the company's stock, valued at approximately $1,244,000.

Several other large investors also recently added to or reduced their stakes in SARO. Mirae Asset Global Investments Co. Ltd. acquired a new position in StandardAero in the 4th quarter valued at about $486,000. Renaissance Capital LLC acquired a new stake in shares of StandardAero in the 4th quarter worth $3,992,000. Jennison Associates LLC purchased a new position in StandardAero in the fourth quarter worth $23,063,000. Harbor Advisors LLC purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $622,000. Finally, Legato Capital Management LLC purchased a new position in StandardAero during the 4th quarter valued at about $335,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley cut their price objective 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 increased their target price on StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.89.

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Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total value of $180,066,291.44. Following the transaction, the insider now owns 40,817,224 shares of the company's stock, valued at $1,108,595,803.84. This represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

StandardAero Price Performance

NYSE:SARO traded down $0.07 on Wednesday, hitting $25.55. The company's stock had a trading volume of 385,729 shares, compared to its average volume of 2,211,942. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The stock has a fifty day moving average of $26.83 and a two-hundred day moving average of $27.40.

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 business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share 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.