Findlay Park Partners LLP bought a new stake in StandardAero, Inc. (NYSE:SARO – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 5,032,523 shares of the company’s stock, valued at approximately $150,523,000. StandardAero makes up approximately 2.0% of Findlay Park Partners LLP’s portfolio, making the stock its 24th biggest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of SARO. Comerica Bank purchased a new position in shares of StandardAero in the first quarter valued at approximately $26,000. Optiver Holding B.V. acquired a new stake in StandardAero during the 1st quarter worth approximately $51,000. Danske Bank A S purchased a new position in StandardAero in the 3rd quarter valued at approximately $82,000. GAMMA Investing LLC grew its stake in shares of StandardAero by 54.6% in the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock worth $90,000 after acquiring an additional 1,060 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of StandardAero by 210.3% in the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after acquiring an additional 2,067 shares in the last quarter.
Analyst Ratings Changes
Several brokerages have recently issued reports on SARO. Susquehanna reduced their price objective on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. UBS Group upped their price target on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research lowered StandardAero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley set a $33.00 price objective on StandardAero in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.77.
Insider Transactions at StandardAero
In other news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the sale, the chief executive officer owned 486,955 shares in the company, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 191,423 shares of company stock valued at $5,847,760 in the last three months. Corporate insiders own 2.10% of the company’s stock.
StandardAero Trading Down 0.8%
SARO opened at $25.04 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48. The company has a market cap of $8.29 billion, a P/E ratio of 25.81 and a beta of 0.92. The business’s 50-day simple moving average is $28.19 and its 200-day simple moving average is $27.67.
StandardAero (NYSE:SARO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.32 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities research analysts expect that StandardAero, Inc. will post 1.51 EPS for the current fiscal year.
About StandardAero
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.
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