Irenic Capital Management LP Makes New Investment in StandardAero, Inc. $SARO

Irenic Capital Management LP bought a new position in shares of StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $717,000.

A number of other large investors have also recently added to or reduced their stakes in SARO. Comerica Bank bought a new stake in StandardAero during the first quarter worth approximately $26,000. Royal Bank of Canada boosted its position in StandardAero by 418.8% during the first quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock worth $3,682,000 after purchasing an additional 111,617 shares during the period. AQR Capital Management LLC bought a new stake in StandardAero during the first quarter worth approximately $521,000. Goldman Sachs Group Inc. bought a new stake in StandardAero during the first quarter worth approximately $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in StandardAero during the first quarter worth approximately $12,343,000.

StandardAero Stock Up 1.3%

SARO opened at $27.19 on Thursday. The business has a 50 day moving average of $26.13 and a 200-day moving average of $28.07. The company has a current ratio of 2.12, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 30.90 and a beta of 0.97. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48.

StandardAero (NYSE:SARO) last issued its earnings results on Thursday, May 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.StandardAero’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 1.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Daniel Satterfield sold 2,306 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $63,092.16. Following the completion of the transaction, the chief financial officer directly owned 6,232 shares in the company, valued at approximately $170,507.52. This represents a 27.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kimberly Ernzen sold 2,516 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $68,837.76. Following the completion of the transaction, the chief operating officer owned 6,632 shares of the company’s stock, valued at $181,451.52. The trade was a 27.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 19,337 shares of company stock valued at $529,060 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SARO. Royal Bank Of Canada decreased their target price on StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Susquehanna decreased their target price on StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research report on Monday, May 11th. Morgan Stanley decreased their target price on StandardAero from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Zacks Research cut StandardAero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

StandardAero Profile

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.