5,962,362 Shares in StandardAero, Inc. (NYSE:SARO) Purchased by Vanguard Group Inc.

Vanguard Group Inc. bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,962,362 shares of the company's stock, valued at approximately $147,628,000. Vanguard Group Inc. owned about 1.78% of StandardAero as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of StandardAero during the fourth quarter valued at about $39,000. PNC Financial Services Group Inc. acquired a new position in StandardAero in the 4th quarter valued at approximately $62,000. Amalgamated Bank bought a new stake in shares of StandardAero in the 4th quarter worth approximately $98,000. Daiwa Securities Group Inc. acquired a new stake in shares of StandardAero during the 4th quarter worth approximately $107,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of StandardAero during the fourth quarter valued at approximately $224,000.

Analysts Set New Price Targets

Several research analysts recently commented on SARO shares. Morgan Stanley reduced their target price 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 raised their price objective 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.89.

StandardAero Stock Down 0.1 %

NYSE:SARO traded down $0.03 on Friday, reaching $24.50. The stock had a trading volume of 2,660,970 shares, compared to its average volume of 2,228,797. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The stock's fifty day simple moving average is $26.91.

StandardAero (NYSE:SARO - Get Free Report) last announced its 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 during the quarter, compared to analyst estimates of $1.37 billion. The business's quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the sale, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.