Findlay Park Partners LLP Takes $150.52 Million Position in StandardAero, Inc. $SARO

Findlay Park Partners LLP purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,032,523 shares of the company's stock, valued at approximately $150,523,000. StandardAero comprises approximately 2.0% of Findlay Park Partners LLP's portfolio, making the stock its 24th largest position. Findlay Park Partners LLP owned 1.52% of StandardAero as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC raised its position in shares of StandardAero by 0.6% in the second quarter. Cerity Partners LLC now owns 69,758 shares of the company's stock valued at $2,208,000 after buying an additional 416 shares during the last quarter. Royal Bank of Canada boosted its position in StandardAero by 0.3% during the first quarter. Royal Bank of Canada now owns 161,325 shares of the company's stock worth $4,167,000 after acquiring an additional 448 shares during the last quarter. Comerica Bank acquired a new position in StandardAero during the first quarter worth about $26,000. GAMMA Investing LLC grew its stake in 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 acquiring an additional 1,060 shares in the last quarter. Finally, US Bancorp DE grew its stake in StandardAero by 46.4% during the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company's stock valued at $123,000 after acquiring an additional 1,428 shares in the last quarter.

StandardAero Trading Down 0.8%

Shares of StandardAero stock opened at $25.04 on Friday. The stock has a 50 day moving average of $28.19 and a 200 day moving average of $27.67. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 25.81 and a beta of 0.92. StandardAero, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $34.48.

StandardAero (NYSE:SARO - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. The company had revenue of $1.60 billion for 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 company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, research analysts predict that StandardAero, Inc. will post 1.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Russell Wayne Ford sold 40,000 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the sale, the chief executive officer directly owned 486,955 shares of the company's stock, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 191,423 shares of company stock worth $5,847,760 over the last ninety days. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SARO. Canadian Imperial Bank of Commerce reissued an "outperform" rating and issued a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. Truist Financial raised StandardAero to a "strong-buy" rating in a report on Friday, May 1st. Zacks Research downgraded StandardAero from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 12th. Susquehanna lowered their price objective on StandardAero from $40.00 to $37.00 and set a "positive" rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded StandardAero from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.77.

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.

Want to see what other hedge funds are holding SARO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StandardAero, Inc. (NYSE:SARO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source