StandardAero (NYSE:SARO) Hits New 12-Month Low - Should You Sell?

StandardAero, Inc. (NYSE:SARO - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $21.31 and last traded at $21.90, with a volume of 1335779 shares trading hands. The stock had previously closed at $23.13.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SARO. Morgan Stanley reduced their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. UBS Group boosted 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 investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $34.89.

StandardAero Stock Down 0.1 %

The stock has a 50 day simple moving average of $26.91.

StandardAero (NYSE:SARO - Get Free Report) last announced its 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. The firm's revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of StandardAero

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

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.