Deutsche Bank AG bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 106,941 shares of the company's stock, valued at approximately $3,199,000.
Other large investors have also recently bought and sold shares of the company. 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 purchasing an additional 4,523,693 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in StandardAero by 33.8% in the 4th 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. Janus Henderson Group PLC boosted its position in StandardAero by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company's stock worth $311,002,000 after buying an additional 816,276 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in StandardAero by 11.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,984,551 shares of the company's stock worth $343,717,000 after acquiring an additional 1,194,488 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in StandardAero by 5.0% during the 4th quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company's stock worth $311,688,000 after acquiring an additional 522,203 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on SARO shares. Morgan Stanley set a $33.00 price target on shares of StandardAero in a research note on Monday, August 10th. 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 report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on StandardAero from $38.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. UBS Group lifted their target price on StandardAero from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Truist Financial upgraded StandardAero to a "strong-buy" rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, StandardAero currently has an average rating of "Moderate Buy" and a consensus target price of $34.77.
Check Out Our Latest Research Report on StandardAero
Insider Activity at StandardAero
In related news, CEO Russell Wayne Ford sold 20,413 shares of the firm's 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 owned 295,573 shares of the company's stock, valued at $9,032,710.88. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 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
SARO stock opened at $25.19 on Thursday. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 25.97 and a beta of 0.92. The company's fifty day simple moving average is $28.07 and its 200 day simple moving average is $27.54. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48.
StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.08. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The business's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, analysts expect that StandardAero, Inc. will post 1.51 earnings per share for the current year.
StandardAero Profile
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Free Report)
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.
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