StandardAero, Inc. (NYSE:SARO) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,342 shares of the company’s stock after purchasing an additional 863 shares during the period. Cerity Partners LLC’s holdings in StandardAero were worth $1,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth $28,000. GAMMA Investing LLC raised its holdings in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. KBC Group NV acquired a new stake in shares of StandardAero during the first quarter worth $52,000. MetLife Investment Management LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $54,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth $62,000.

Wall Street Analysts Forecast Growth

SARO has been the topic of a number of research reports. UBS Group increased their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, CIBC dropped their price objective on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

StandardAero Stock Performance

StandardAero stock opened at $30.41 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. The company’s 50-day moving average price is $30.00 and its two-hundred day moving average price is $27.60. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

StandardAero (NYSE:SARO) last released its earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. StandardAero’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 5,524,862 shares of the firm’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the transaction, the insider owned 35,292,362 shares of the company’s stock, valued at approximately $963,481,482.60. This trade represents a 13.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

StandardAero 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.