State of Wyoming Makes New Investment in StandardAero, Inc. $SARO

State of Wyoming purchased a new position in shares of StandardAero, Inc. (NYSE:SARO) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 18,145 shares of the company’s stock, valued at approximately $469,000.

Several other institutional investors have also made changes to their positions in SARO. Comerica Bank acquired a new position in StandardAero in the first quarter worth approximately $26,000. Danske Bank A S acquired a new stake in StandardAero in the third quarter valued at approximately $82,000. Parallel Advisors LLC grew its position in StandardAero by 210.3% in the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after acquiring an additional 2,067 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in StandardAero in the fourth quarter worth approximately $105,000. Finally, US Bancorp DE increased its stake in shares of StandardAero by 46.4% during the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company’s stock worth $123,000 after purchasing an additional 1,428 shares during the last quarter.

StandardAero Trading Up 1.7%

NYSE:SARO opened at $28.73 on Friday. The company’s 50 day moving average is $27.34 and its 200-day moving average is $28.15. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. StandardAero, Inc. has a 12 month low of $23.83 and a 12 month high of $34.48. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 32.65 and a beta of 0.91.

StandardAero (NYSE:SARO) last posted its earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. StandardAero’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Equities analysts anticipate that StandardAero, Inc. will post 1.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of StandardAero in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective for the company. Truist Financial raised shares of StandardAero to a “strong-buy” rating in a research report on Friday, May 1st. UBS Group upgraded StandardAero from a “neutral” rating to a “buy” rating and cut their target price for the company from $35.00 to $34.00 in a report on Monday, May 11th. Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Insider Activity

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $30.44, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

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.