William Blair Investment Management LLC purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 884,307 shares of the company’s stock, valued at approximately $26,450,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vulcan Value Partners LLC purchased a new position in StandardAero in the fourth quarter valued at $13,618,000. Carlyle Group Inc. acquired a new stake in StandardAero in the second quarter valued at approximately $2,529,998,000. Trinity Street Asset Management LLP purchased a new position in shares of StandardAero during the 1st quarter valued at approximately $25,692,000. M.D. Sass LLC increased its holdings in StandardAero by 69.5% in the 4th quarter. M.D. Sass LLC now owns 1,991,537 shares of the company’s stock worth $57,117,000 after acquiring an additional 816,573 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN acquired a new stake in shares of StandardAero in the first quarter valued at about $5,050,000.
Insider Buying and Selling
In other StandardAero news, CEO Russell Wayne Ford sold 20,413 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the completion of the sale, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at approximately $9,032,710.88. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 191,423 shares of company stock worth $5,847,760. 2.10% of the stock is owned by corporate insiders.
StandardAero Price Performance
StandardAero (NYSE:SARO – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly 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 anticipate that StandardAero, Inc. will post 1.51 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Susquehanna decreased their target price on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research report on Monday, May 11th. Truist Financial raised StandardAero to a “strong-buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Finally, Wall Street Zen lowered shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, StandardAero currently has a consensus rating of “Moderate Buy” and an average price target of $34.77.
View Our Latest Analysis on SARO
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.
Recommended Stories
- Five stocks we like better than StandardAero
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding SARO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StandardAero, Inc. (NYSE:SARO – Free Report).
Receive News & Ratings for StandardAero Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StandardAero and related companies with MarketBeat.com's FREE daily email newsletter.
