Bank of America Corp DE Purchases Shares of 5,980,548 StandardAero, Inc. $SARO

Key Points

• Bank of America acquired 5.98 million StandardAero shares worth approximately $178.9 million in the second quarter, representing about 1.81% of the company.
• StandardAero exceeded quarterly earnings expectations, reporting $0.40 EPS versus $0.32 expected and $1.60 billion in revenue, up 4.6% year over year. Management issued fiscal 2026 EPS guidance of $1.50–$1.57.
• The stock opened at $22.57, well below its 12-month high of $34.48, while analysts maintain a “Moderate Buy” consensus with an average price target of $34.75.

Bank of America Corp DE purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,980,548 shares of the company's stock, valued at approximately $178,878,000. Bank of America Corp DE owned about 1.81% of StandardAero at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in StandardAero during the second quarter valued at approximately $55,000. Optiver Holding B.V. bought a new position in shares of StandardAero in the 1st quarter worth $51,000. GAMMA Investing LLC raised its position in shares of StandardAero by 54.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,002 shares of the company's stock valued at $90,000 after buying an additional 1,060 shares in the last quarter. Danske Bank A S purchased a new stake in shares of StandardAero during the 2nd quarter valued at $111,000. Finally, Brooklands Fund Management Ltd bought a new stake in shares of StandardAero during the 4th quarter worth $133,000.

StandardAero Stock Performance

Shares of SARO opened at $22.57 on Friday. The business's fifty day simple moving average is $26.62 and its two-hundred day simple moving average is $26.78. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. StandardAero, Inc. has a 12 month low of $22.38 and a 12 month high of $34.48. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 23.27 and a beta of 0.85.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company posted $0.20 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Research analysts anticipate that StandardAero, Inc. will post 1.51 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Russell Ford sold 20,413 shares of StandardAero stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.56, for a total value of $623,821.28. Following the completion of the sale, the chief executive officer directly owned 295,573 shares in the company, valued at $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 191,423 shares of company stock worth $5,847,760. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on SARO. Sanford C. Bernstein reissued an "outperform" rating on shares of StandardAero in a research note on Monday, August 24th. Guggenheim initiated coverage on StandardAero in a research report on Monday. They set a "neutral" rating on the stock. UBS Group upped their price objective on shares of StandardAero from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Jefferies Financial Group downgraded shares of StandardAero from a "buy" rating to a "hold" rating and lowered their price objective for the company from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Finally, Weiss Ratings lowered shares of StandardAero from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.75.

StandardAero Company Profile

StandardAero is an aviation maintenance, repair and overhaul (MRO) company that provides services for commercial, business and general aviation, military and government, and industrial aviation customers. Its offerings are designed to support the operation, reliability and service life of aircraft and aviation systems.

The company's capabilities include maintenance, repair and overhaul services for aircraft engines, airframes, avionics and components. StandardAero also provides engine modifications, engine upgrades, engineering and technical services, parts support, and other specialized maintenance solutions for a range of aviation platforms.

StandardAero serves customers internationally through a network of facilities across North America, Europe and the Asia-Pacific region.

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