Bank of New York Mellon Corp Purchases Shares of 1,103,475 StandardAero, Inc. $SARO

Key Points

• Bank of New York Mellon acquired 1,103,475 StandardAero shares worth approximately $33.0 million, representing about 0.33% of the company. Several other institutional investors also increased or initiated positions.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $34.77, despite mixed target revisions.
• StandardAero exceeded quarterly earnings expectations, reporting $0.40 in EPS versus $0.32 expected and $1.60 billion in revenue, up 4.6% year over year. The stock opened at $25.05, while insiders—including the CEO—have sold shares recently.

Bank of New York Mellon Corp acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,103,475 shares of the company's stock, valued at approximately $33,005,000. Bank of New York Mellon Corp owned approximately 0.33% of StandardAero at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SARO. Cerity Partners LLC boosted its holdings in StandardAero by 0.6% during the second quarter. Cerity Partners LLC now owns 69,758 shares of the company's stock worth $2,208,000 after buying an additional 416 shares in the last quarter. Royal Bank of Canada increased its holdings in StandardAero by 0.3% in the first quarter. Royal Bank of Canada now owns 161,325 shares of the company's stock valued at $4,167,000 after buying an additional 448 shares in the last quarter. Comerica Bank purchased a new position in StandardAero in the first quarter valued at $26,000. GAMMA Investing LLC raised its position in shares of StandardAero by 54.6% in the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company's stock worth $90,000 after acquiring an additional 1,060 shares during the period. Finally, US Bancorp DE raised its position in shares of StandardAero by 46.4% in the third quarter. US Bancorp DE now owns 4,506 shares of the company's stock worth $123,000 after acquiring an additional 1,428 shares during the period.

Analysts Set New Price Targets

SARO has been the topic of a number of recent analyst reports. UBS Group increased their price target on StandardAero from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Royal Bank Of Canada reduced their target price on StandardAero from $37.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 1st. Sanford C. Bernstein reiterated an "outperform" rating on shares of StandardAero in a research report on Monday. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $39.00 price target on shares of StandardAero in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.77.

StandardAero Trading Down 0.1%

NYSE SARO opened at $25.05 on Friday. The firm's 50-day moving average is $27.96 and its two-hundred day moving average is $27.49. 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 0.84, a current ratio of 2.13 and a quick ratio of 1.59. The stock has a market capitalization of $8.29 billion, a P/E ratio of 25.83 and a beta of 0.92.

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

Insider Buying and Selling at StandardAero

In related news, CEO Russell Wayne Ford sold 20,413 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.56, for a total value of $623,821.28. Following the sale, the chief executive officer owned 295,573 shares in the company, valued at approximately $9,032,710.88. The trade was a 6.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 191,423 shares of company stock valued at $5,847,760 over the last ninety days. Insiders own 2.10% of the company's stock.

StandardAero 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.

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