Swiss National Bank Boosts Stock Holdings in StandardAero, Inc. $SARO

Swiss National Bank grew its holdings in StandardAero, Inc. (NYSE:SARO) by 33.9% in the 1st quarter, HoldingsChannel reports. The firm owned 390,100 shares of the company’s stock after buying an additional 98,700 shares during the quarter. Swiss National Bank’s holdings in StandardAero were worth $10,076,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank purchased a new position in StandardAero during the first quarter valued at approximately $26,000. Royal Bank of Canada raised its stake in StandardAero by 418.8% in the first quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock worth $3,682,000 after buying an additional 111,617 shares in the last quarter. AQR Capital Management LLC purchased a new stake in StandardAero during the first quarter worth $521,000. Goldman Sachs Group Inc. purchased a new stake in StandardAero during the first quarter worth $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in StandardAero during the 1st quarter valued at $12,343,000.

StandardAero Price Performance

Shares of SARO opened at $28.73 on Monday. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 32.65 and a beta of 0.91. StandardAero, Inc. has a twelve month low of $23.83 and a twelve month high of $34.48. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $27.34 and a two-hundred day moving average of $28.13.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company began coverage on StandardAero in a report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price target on the stock. Royal Bank Of Canada decreased their price objective on StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Susquehanna dropped their price objective on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research report on Monday, May 11th. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group downgraded shares of StandardAero from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a report on Tuesday, June 2nd. Two research 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.00.

Insider Buying and Selling at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 486,955 shares in the company, valued at $14,822,910.20. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.

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.