Renaissance Technologies LLC Has $21.05 Million Stock Position in StandardAero, Inc. $SARO

Renaissance Technologies LLC increased its position in shares of StandardAero, Inc. (NYSE:SARO) by 36.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 814,800 shares of the company’s stock after acquiring an additional 216,100 shares during the quarter. Renaissance Technologies LLC’s holdings in StandardAero were worth $21,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC acquired a new stake in shares of StandardAero during the 4th quarter worth approximately $13,618,000. Trinity Street Asset Management LLP acquired a new position in StandardAero in the first quarter valued at approximately $25,692,000. Massachusetts Financial Services Co. MA boosted its stake in StandardAero by 5.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,465,939 shares of the company’s stock valued at $99,403,000 after acquiring an additional 179,930 shares during the last quarter. M.D. Sass LLC boosted its stake in StandardAero by 69.5% in the fourth quarter. M.D. Sass LLC now owns 1,991,537 shares of the company’s stock valued at $57,117,000 after acquiring an additional 816,573 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in StandardAero by 1,714.7% during the 1st quarter. SG Americas Securities LLC now owns 177,643 shares of the company’s stock worth $4,589,000 after acquiring an additional 167,854 shares during the period.

Insiders Place Their Bets

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the transaction, the chief executive officer owned 486,955 shares of the company’s stock, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of StandardAero in a research report on Wednesday, April 1st. They set an “overweight” rating and a $32.00 target price for the company. 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. Zacks Research lowered StandardAero from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Susquehanna decreased their target price on StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

StandardAero Trading Down 4.8%

Shares of NYSE SARO opened at $28.70 on Thursday. StandardAero, Inc. has a twelve month low of $23.83 and a twelve month high of $34.48. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 32.62 and a beta of 0.91. 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’s fifty day moving average is $27.56 and its 200-day moving average is $28.11.

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

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.