StandardAero (NYSE:SARO) Sees Large Volume Increase - Time to Buy?

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) saw strong trading volume on Wednesday . 7,876,887 shares were traded during mid-day trading, an increase of 400% from the previous session's volume of 1,573,904 shares.The stock last traded at $28.05 and had previously closed at $29.32.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SARO. Morgan Stanley lowered their price objective on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. UBS Group increased their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.89.

StandardAero Price Performance

The stock's 50 day moving average price is $27.26.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.04) 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 company's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

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Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm'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 sale, 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 document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of StandardAero

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