Oppenheimer Asset Management Inc. Purchases New Holdings in StandardAero, Inc. $SARO

Oppenheimer Asset Management Inc. acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,331 shares of the company’s stock, valued at approximately $698,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Comerica Bank purchased a new stake in shares of StandardAero during the first quarter worth approximately $26,000. Optiver Holding B.V. acquired a new position in StandardAero in the 1st quarter valued at $51,000. Danske Bank A S purchased a new position in StandardAero during the 3rd quarter worth $82,000. Parallel Advisors LLC lifted its stake in shares of StandardAero by 210.3% in the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after acquiring an additional 2,067 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of StandardAero by 54.6% during 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 during the period.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 20,413 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.56, for a total value of $623,821.28. Following the sale, the chief executive officer owned 295,573 shares of the company’s stock, valued at approximately $9,032,710.88. This represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 191,423 shares of company stock worth $5,847,760 in the last quarter. 2.10% of the stock is currently owned by insiders.

StandardAero Price Performance

SARO stock opened at $27.38 on Tuesday. The firm has a 50 day moving average of $28.19 and a 200-day moving average of $27.80. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 28.23 and a beta of 0.92.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the firm posted $0.20 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities analysts expect that StandardAero, Inc. will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SARO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Zacks Research lowered StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Truist Financial raised StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.77.

StandardAero Company 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.