Loomis Sayles & Co. L P Acquires Shares of 522,221 StandardAero, Inc. (NYSE:SARO)

Loomis Sayles & Co. L P bought a new position in shares of StandardAero, Inc. (NYSE:SARO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 522,221 shares of the company’s stock, valued at approximately $12,931,000. Loomis Sayles & Co. L P owned 0.16% of StandardAero as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SARO. R Squared Ltd bought a new stake in StandardAero during the 4th quarter valued at $39,000. PNC Financial Services Group Inc. bought a new stake in shares of StandardAero during the fourth quarter worth about $62,000. Amalgamated Bank acquired a new stake in shares of StandardAero in the 4th quarter worth about $98,000. Daiwa Securities Group Inc. bought a new position in StandardAero in the 4th quarter valued at about $107,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in StandardAero during the 4th quarter valued at about $224,000.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group increased their price objective on StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. 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. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.89.

StandardAero Stock Down 3.1 %

Shares of StandardAero stock opened at $27.18 on Friday. The company’s fifty day simple moving average is $27.26. StandardAero, Inc. has a 1 year low of $22.50 and a 1 year high of $34.38.

StandardAero (NYSE:SARO) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction dated Thursday, March 27th. The stock was 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 owns 40,817,224 shares of the company’s stock, valued at approximately $1,108,595,803.84. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.