Victory Capital Management Inc. Invests $376,000 in StandardAero, Inc. (NYSE:SARO)

Victory Capital Management Inc. bought a new position in shares of StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,186 shares of the company’s stock, valued at approximately $376,000.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in StandardAero in the fourth quarter worth about $39,000. Amalgamated Bank bought a new position in StandardAero in the fourth quarter worth about $98,000. Sumitomo Mitsui Trust Group Inc. bought a new position in StandardAero in the fourth quarter worth about $224,000. Legato Capital Management LLC bought a new position in StandardAero in the fourth quarter worth about $335,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in StandardAero in the fourth quarter worth about $486,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SARO. Morgan Stanley decreased their price target on shares of StandardAero from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Bank of America decreased their price target on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Finally, UBS Group increased their price target on shares of StandardAero from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.89.

StandardAero Stock Down 1.5 %

SARO stock opened at $28.68 on Friday. The firm’s 50 day simple moving average is $26.83. StandardAero, Inc. has a 52-week low of $22.50 and a 52-week high of $34.38.

StandardAero (NYSE:SARO) last released its earnings results on Monday, March 10th. The company reported ($0.04) earnings per share (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 analysts’ expectations of $1.37 billion. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

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.