Private Ltd Gic Sells 6,629,834 Shares of StandardAero, Inc. (NYSE:SARO) Stock

StandardAero, Inc. (NYSE:SARO - Get Free Report) 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 stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the transaction, the insider now directly owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

StandardAero Stock Performance

StandardAero stock traded up $0.20 during trading on Tuesday, reaching $26.84. The company had a trading volume of 4,203,509 shares, compared to its average volume of 2,063,860. StandardAero, Inc. has a 12-month low of $22.50 and a 12-month high of $34.38. The business's 50 day moving average price is $27.34.

StandardAero (NYSE:SARO - Get Free Report) last announced 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. StandardAero's revenue was up 21.8% compared to the same quarter last year. Sell-side analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SARO. Wellington Management Group LLP purchased a new stake in shares of StandardAero during the 4th quarter valued at about $183,924,000. Carlyle Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth approximately $165,294,000. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero during the 4th quarter worth $161,324,000. Price T Rowe Associates Inc. MD bought a new stake in shares of StandardAero in the 4th quarter worth about $155,829,000. Finally, Vanguard Group Inc. acquired a new stake in shares of StandardAero in the 4th quarter valued at about $147,628,000.

Wall Street Analyst Weigh In

SARO has been the subject of several analyst reports. Morgan Stanley cut their target price on shares of 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 lifted their price target on shares of StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

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.