Sei Investments Co. Invests $1.58 Million in StandardAero, Inc. (NYSE:SARO)

Sei Investments Co. purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 63,764 shares of the company’s stock, valued at approximately $1,579,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of StandardAero during the fourth quarter valued at $39,000. PNC Financial Services Group Inc. purchased a new stake in StandardAero in the 4th quarter valued at about $62,000. Amalgamated Bank bought a new position in StandardAero in the 4th quarter worth about $98,000. Daiwa Securities Group Inc. purchased a new position in shares of StandardAero during the fourth 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.

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 that occurred on 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 directly owns 40,817,224 shares in the company, valued at $1,108,595,803.84. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

StandardAero Price Performance

Shares of NYSE SARO opened at $23.14 on Monday. StandardAero, Inc. has a 1-year low of $22.50 and a 1-year high of $34.38. The stock’s fifty day moving average is $27.30.

StandardAero (NYSE:SARO) last announced its earnings results on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SARO has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on 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 stock a “neutral” rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and an average target price 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.