TD Asset Management Inc Increases Stock Position in StandardAero, Inc. $SARO

TD Asset Management Inc increased its position in shares of StandardAero, Inc. (NYSE:SARO) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 696,466 shares of the company’s stock after buying an additional 47,400 shares during the period. TD Asset Management Inc’s holdings in StandardAero were worth $19,975,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SARO. Norges Bank purchased a new stake in StandardAero during the fourth quarter worth $217,655,000. Bessemer Group Inc. boosted its holdings in StandardAero by 447,114.3% during the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock worth $89,014,000 after buying an additional 3,102,973 shares in the last quarter. State Street Corp boosted its holdings in StandardAero by 90.7% during the second quarter. State Street Corp now owns 6,047,097 shares of the company’s stock worth $191,391,000 after buying an additional 2,875,579 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in StandardAero by 8,451.2% during the third quarter. Victory Capital Management Inc. now owns 1,827,896 shares of the company’s stock worth $49,883,000 after buying an additional 1,806,520 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in StandardAero by 18.2% during the third quarter. Wellington Management Group LLP now owns 10,345,564 shares of the company’s stock worth $282,330,000 after buying an additional 1,593,347 shares in the last quarter.

Insider Transactions at StandardAero

In other news, COO Kimberly Ernzen sold 2,516 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $68,837.76. Following the transaction, the chief operating officer directly owned 6,632 shares of the company’s stock, valued at approximately $181,451.52. This trade represents a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Daniel Satterfield sold 2,306 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 19,337 shares of company stock valued at $529,060.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SARO. Jefferies Financial Group downgraded shares of StandardAero from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a report on Tuesday, June 2nd. Truist Financial upgraded shares of StandardAero to a “strong-buy” rating in a research report on Friday, May 1st. Sanford C. Bernstein restated an “outperform” rating and set a $39.00 price objective on shares of StandardAero in a research report on Tuesday, February 24th. UBS Group upgraded shares of StandardAero from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $34.00 in a research report on Monday, May 11th. Finally, Susquehanna reduced their price objective on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.25.

StandardAero Stock Performance

NYSE:SARO opened at $25.65 on Monday. The company’s 50-day moving average price is $26.11 and its 200-day moving average price is $28.01. 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 company has a market cap of $8.53 billion, a P/E ratio of 29.15 and a beta of 0.97. StandardAero, Inc. has a twelve month low of $23.83 and a twelve month high of $34.48.

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