TD Asset Management Inc Purchases 127,000 Shares of StandardAero, Inc. $SARO

TD Asset Management Inc raised its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 649,066 shares of the company’s stock after acquiring an additional 127,000 shares during the period. TD Asset Management Inc’s holdings in StandardAero were worth $17,713,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank purchased a new stake in shares of StandardAero in the 1st quarter valued at $26,000. State of Wyoming bought a new position in shares of StandardAero during the third quarter valued at about $27,000. First Horizon Advisors Inc. increased its holdings in shares of StandardAero by 100.4% in the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock worth $32,000 after buying an additional 509 shares during the period. First Horizon Corp bought a new stake in shares of StandardAero in the 3rd quarter valued at about $34,000. Finally, KBC Group NV lifted its stake in shares of StandardAero by 32.2% in the 2nd quarter. KBC Group NV now owns 2,605 shares of the company’s stock valued at $82,000 after acquiring an additional 635 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on SARO. Wall Street Zen raised StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research note on Tuesday, February 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price target on shares of StandardAero in a report on Thursday, January 29th. Zacks Research lowered shares of StandardAero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, UBS Group upped their price objective on shares of StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, StandardAero has a consensus rating of “Hold” and an average target price of $34.67.

Insider Activity at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total value of $1,204,800.00. Following the sale, the chief executive officer directly owned 726,955 shares of the company’s stock, valued at $21,895,884.60. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 160,000 shares of company stock valued at $4,840,400.

StandardAero Stock Down 3.6%

Shares of StandardAero stock opened at $30.75 on Monday. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month high of $34.48. The company has a market cap of $10.23 billion, a P/E ratio of 37.04 and a beta of 1.02. The company’s fifty day simple moving average is $30.87 and its two-hundred day simple moving average is $28.34.

StandardAero (NYSE:SARO) last announced its earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. Research analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero declared that its board has authorized a share buyback plan on Wednesday, December 10th that authorizes the company to buyback $450.00 million in shares. This buyback authorization authorizes the company to reacquire up to 5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.