Allspring Global Investments Holdings LLC Has $261.76 Million Stake in StandardAero, Inc. $SARO

Allspring Global Investments Holdings LLC increased its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 311.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,548,613 shares of the company’s stock after acquiring an additional 6,471,813 shares during the period. Allspring Global Investments Holdings LLC’s holdings in StandardAero were worth $261,759,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Carlyle Group Inc. boosted its holdings in StandardAero by 1,912.5% during the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock worth $3,579,159,000 after purchasing an additional 127,676,968 shares during the last quarter. Vanguard Group Inc. boosted its holdings in StandardAero by 53.2% during the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock worth $243,324,000 after purchasing an additional 3,171,404 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in StandardAero by 29.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company’s stock worth $224,261,000 after purchasing an additional 1,902,687 shares during the last quarter. Wellington Management Group LLP boosted its holdings in StandardAero by 9.1% during the first quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company’s stock worth $215,965,000 after purchasing an additional 678,520 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in StandardAero by 49.4% during the first quarter. Alliancebernstein L.P. now owns 4,552,851 shares of the company’s stock worth $121,288,000 after purchasing an additional 1,505,726 shares during the last quarter.

Insider Buying and Selling at StandardAero

In other news, insider Alex Trapp sold 73,718 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $28.06, for a total value of $2,068,527.08. Following the transaction, the insider directly owned 16,908 shares of the company’s stock, valued at $474,438.48. This represents a 81.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 80,626 shares of company stock valued at $2,261,951 over the last 90 days.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial assumed coverage on shares of StandardAero in a report on Friday. They set a “buy” rating and a $35.00 target price for the company. CIBC cut their price target on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating for the company in a research note on Tuesday, July 8th. Susquehanna initiated coverage on shares of StandardAero in a research note on Wednesday, September 17th. They issued a “positive” rating and a $34.00 price target for the company. Barclays initiated coverage on shares of StandardAero in a research note on Friday, September 12th. They issued an “equal weight” rating and a $32.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of StandardAero in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, StandardAero has an average rating of “Moderate Buy” and an average price target of $34.42.

StandardAero Price Performance

Shares of SARO opened at $26.42 on Monday. The firm has a market capitalization of $8.84 billion and a PE ratio of 64.44. The company’s 50-day moving average is $27.13 and its 200-day moving average is $27.92. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $33.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. StandardAero had a net margin of 2.37% and a return on equity of 8.87%. StandardAero’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Equities analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.