Barclays PLC Makes New Investment in StandardAero, Inc. (NYSE:SARO)

Barclays PLC acquired a new position in StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 138,761 shares of the company’s stock, valued at approximately $3,436,000.

A number of other large investors have also recently made changes to their positions in the company. Next Century Growth Investors LLC purchased a new position in shares of StandardAero during the 4th quarter worth about $6,870,000. Sterling Capital Management LLC bought a new position in shares of StandardAero during the 4th quarter worth approximately $78,000. Treasurer of the State of North Carolina bought a new position in shares of StandardAero during the 4th quarter worth approximately $753,000. Phoenix Financial Ltd. bought a new position in shares of StandardAero during the 4th quarter worth approximately $1,244,000. Finally, Bessemer Group Inc. bought a new position in shares of StandardAero during the 4th quarter worth approximately $28,000.

Insider Activity at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction 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 approximately $1,108,595,803.84. The trade was a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

StandardAero Stock Performance

Shares of StandardAero stock opened at $26.77 on Tuesday. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The business has a 50-day moving average price of $26.56 and a 200 day moving average price of $27.06.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SARO. UBS Group boosted their target price 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. Morgan Stanley dropped their target price on shares of StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Three 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. Based on data from MarketBeat.com, StandardAero currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.89.

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.