2 weeks Ago By Defense World Staff
Bank of Montreal Can acquired a new stake in shares of StandardAero, Inc. ( NYSE:SARO – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 17,855 shares of the company’s stock, valued at approximately $442,000.
Several other hedge funds also recently bought and sold shares of the business. Cerity Partners LLC purchased a new position in shares of StandardAero during the fourth quarter worth approximately $1,696,000. Federated Hermes Inc.
bought a new position in StandardAero in the fourth quarter worth approximately $62,160,000. Russell Investments Group Ltd. purchased a new position in StandardAero during the 4th quarter worth $204,000.
Wells Fargo & Company MN bought a new stake in StandardAero during the 4th quarter valued at $815,000. Finally, Westpac Banking Corp purchased a new stake in shares of StandardAero in the 4th quarter worth $229,000. Analyst Ratings Changes Several analysts recently weighed in on the company.
UBS Group lifted their price objective on StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th.
Morgan Stanley reduced their price target on shares of StandardAero from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, March 14th.
Three equities research 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.com, StandardAero has an average rating of “Moderate Buy” and a consensus price target of $34.
89. Insider Buying and Selling at StandardAero In other news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 40,817,224 shares of the company’s stock, valued at $1,108,595,803.
84. This represents a 13.97 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . StandardAero Price Performance NYSE:SARO opened at $24.88 on Wednesday.
StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.
38. The firm has a 50 day moving average of $26.60 and a 200 day moving average of $27.
25. StandardAero ( NYSE:SARO – Get Free Report ) last posted 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 firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion.
StandardAero’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that StandardAero, Inc.
will post 0.29 EPS for the current year. About StandardAero ( Free Report ) 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. Featured Articles Five stocks we like better than StandardAero 3 Natural Gas Stocks That Offer Great Dividend Yields How to Invest in Micro-Cap Stocks Like a Pro Retail Stocks Investing, Explained Investors Sell Microsoft Stock on OpenAI News—Time to Buy? What Investors Need to Know About Upcoming IPOs Take-Two Interactive: A Defensive Play Set to Explode Want to see what other hedge funds are holding SARO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for StandardAero, Inc. ( NYSE:SARO – Free Report ). Receive News & Ratings for StandardAero Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StandardAero and related companies with MarketBeat.
com's FREE daily email newsletter ..
