Charles Schwab Investment Management Inc. Acquires New Holdings in StandardAero, Inc. (NYSE:SARO)

Charles Schwab Investment Management Inc. acquired a new stake in StandardAero, Inc. (NYSE:SARO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 320,487 shares of the company’s stock, valued at approximately $7,935,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd acquired a new position in StandardAero in the 4th quarter valued at approximately $39,000. Amalgamated Bank acquired a new position in StandardAero in the 4th quarter valued at approximately $98,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in StandardAero in the 4th quarter valued at approximately $224,000. Legato Capital Management LLC acquired a new position in StandardAero in the 4th quarter valued at approximately $335,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in StandardAero in the 4th quarter valued at approximately $486,000.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SARO. Bank of America decreased their price target on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. UBS Group increased their price objective on shares of StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley decreased their price objective on shares of StandardAero from $33.00 to $32.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.89.

StandardAero Stock Performance

Shares of NYSE SARO opened at $28.68 on Monday. StandardAero, Inc. has a 12-month low of $22.50 and a 12-month high of $34.38. The business’s fifty day moving average is $26.83.

StandardAero (NYSE:SARO) last issued 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

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.