StandardAero, Inc. $SARO Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its stake in shares of StandardAero, Inc. (NYSE:SARO) by 389.8% in the 1st quarter, HoldingsChannel reports. The firm owned 544,989 shares of the company’s stock after buying an additional 433,723 shares during the quarter. First Trust Advisors LP’s holdings in StandardAero were worth $14,077,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of StandardAero during the fourth quarter valued at $217,655,000. Allspring Global Investments Holdings LLC grew its holdings in shares of StandardAero by 42.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock worth $395,890,000 after buying an additional 4,523,693 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of StandardAero by 33.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock valued at $401,525,000 after buying an additional 3,540,167 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of StandardAero by 175.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company’s stock valued at $144,568,000 after buying an additional 3,212,827 shares during the period. Finally, Bessemer Group Inc. boosted its position in StandardAero by 447,114.3% during the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock worth $89,014,000 after acquiring an additional 3,102,973 shares during the last quarter.

StandardAero Stock Performance

StandardAero stock opened at $29.03 on Friday. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 32.99 and a beta of 0.91. The firm’s fifty day moving average price is $27.62 and its 200 day moving average price is $28.10.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the company posted $0.19 EPS. The firm’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. On average, research analysts forecast that StandardAero, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SARO has been the topic of a number of recent analyst reports. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Zacks Research downgraded shares of StandardAero from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Truist Financial raised shares of StandardAero to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a report on Friday, May 8th. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

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 stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

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.