Victory Capital Management Inc. Takes $376,000 Position in StandardAero, Inc. (NYSE:SARO)

Victory Capital Management Inc. bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 15,186 shares of the company's stock, valued at approximately $376,000.

Several other large investors have also recently modified their holdings of the stock. Jennison Associates LLC purchased a new position in shares of StandardAero during the fourth quarter valued at approximately $23,063,000. Charles Schwab Investment Management Inc. bought a new position in StandardAero in the 4th quarter valued at $7,935,000. Renaissance Capital LLC purchased a new stake in StandardAero in the fourth quarter worth $3,992,000. Bank of New York Mellon Corp bought a new stake in shares of StandardAero during the fourth quarter worth $3,976,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of StandardAero during the fourth quarter valued at $2,081,000.

StandardAero Stock Down 4.9 %

SARO stock traded down $1.44 during trading on Wednesday, reaching $27.88. The company had a trading volume of 19,157,991 shares, compared to its average volume of 1,826,565. StandardAero, Inc. has a twelve month low of $22.50 and a twelve month high of $34.38. The business has a 50-day simple moving average of $27.05.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.37 billion. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target 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 boosted their price target on shares of StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, Bank of America cut their price target on StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Wednesday, November 27th. Three investment 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 company's stock. Based on data from MarketBeat.com, StandardAero presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

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.