Deutsche Bank AG Takes $14.73 Million Position in StandardAero, Inc. $SARO

Key Points

• Deutsche Bank AG acquired a new stake in StandardAero, purchasing 552,989 shares valued at approximately $14.7 million, representing 0.17% ownership as of their latest SEC filing.
• StandardAero's recent earnings report showed a net margin of 2.37% and revenue of $1.53 billion, surpassing analysts' expectations, yet it reported an EPS of $0.20, slightly missing the consensus estimate.
• Insider activity noted a significant sale of 5.5 million shares by major shareholder Private Ltd Gic, decreasing their ownership by 13.54% and reflecting a total value of approximately $150.8 million.

Deutsche Bank AG purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 552,989 shares of the company's stock, valued at approximately $14,732,000. Deutsche Bank AG owned about 0.17% of StandardAero at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SARO. T. Rowe Price Investment Management Inc. acquired a new position in shares of StandardAero during the 4th quarter worth about $161,324,000. Price T Rowe Associates Inc. MD acquired a new position in shares of StandardAero during the 4th quarter worth about $155,829,000. Janus Henderson Group PLC acquired a new stake in StandardAero during the 4th quarter worth $145,849,000. Brown Advisory Inc. acquired a new stake in StandardAero during the 4th quarter worth $92,481,000. Finally, Vanguard Group Inc. raised its stake in StandardAero by 53.2% during the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock worth $243,324,000 after buying an additional 3,171,404 shares during the period.

Insider Activity

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the completion of the sale, the insider directly owned 34,463,633 shares in the company, valued at $940,857,180.90. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Ratings Changes

Several analysts recently commented on SARO shares. UBS Group raised their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, CIBC dropped their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Stock Performance

Shares of StandardAero stock traded up $0.06 on Monday, hitting $26.61. The stock had a trading volume of 559,788 shares, compared to its average volume of 2,352,280. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The business's 50 day moving average is $29.57 and its two-hundred day moving average is $28.10. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95. The stock has a market cap of $8.90 billion and a price-to-earnings ratio of 64.96.

StandardAero (NYSE:SARO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). StandardAero had a net margin of 2.37% and a return on equity of 9.45%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $0.02 EPS. StandardAero's revenue for the quarter was up 13.5% compared to the same quarter last year. Analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero Profile

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.