Sei Investments Co. Purchases Shares of 63,764 StandardAero, Inc. (NYSE:SARO)

Sei Investments Co. bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 63,764 shares of the company's stock, valued at approximately $1,579,000.

A number of other large investors have also bought and sold shares of SARO. Teacher Retirement System of Texas bought a new stake in StandardAero during the 4th quarter worth about $18,691,000. Burkehill Global Management LP bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $24,760,000. Daiwa Securities Group Inc. bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $107,000. PNC Financial Services Group Inc. acquired a new stake in shares of StandardAero in the fourth quarter valued at approximately $62,000. Finally, Lisanti Capital Growth LLC bought a new position in StandardAero in the 4th quarter worth approximately $1,713,000.

Analyst Ratings Changes

A number of research analysts have commented on SARO shares. 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.89.

StandardAero Stock Down 0.1 %

Shares of StandardAero stock traded down $0.03 during trading on Friday, reaching $24.50. 2,660,970 shares of the company were exchanged, compared to its average volume of 2,228,796. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The business's 50-day simple moving average is $26.91.

StandardAero (NYSE:SARO - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.37 billion. StandardAero's revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 40,817,224 shares of the company's stock, valued at approximately $1,108,595,803.84. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.