PenderFund Capital Management Ltd. Takes Position in StandardAero, Inc. $SARO

PenderFund Capital Management Ltd. acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,962 shares of the company's stock, valued at approximately $2,451,000.

A number of other large investors have also recently bought and sold shares of SARO. Carlyle Group Inc. bought a new stake in StandardAero during the second quarter worth approximately $2,529,998,000. Vulcan Value Partners LLC acquired a new position in StandardAero during the fourth quarter valued at approximately $13,618,000. BlackRock Inc. bought a new position in shares of StandardAero in the second quarter valued at approximately $646,128,000. Trinity Street Asset Management LLP bought a new position in shares of StandardAero in the first quarter valued at approximately $25,692,000. Finally, M.D. Sass LLC lifted its stake in shares of StandardAero by 69.5% in the fourth quarter. M.D. Sass LLC now owns 1,991,537 shares of the company's stock worth $57,117,000 after buying an additional 816,573 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada decreased their price objective on shares of StandardAero from $37.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $39.00 target price on shares of StandardAero in a report on Friday, May 8th. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Sunday, May 17th. Zacks Research cut shares of StandardAero from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. raised their price target on StandardAero from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $34.77.

StandardAero Stock Down 0.5%

Shares of SARO stock opened at $25.04 on Friday. StandardAero, Inc. has a 12 month low of $23.83 and a 12 month high of $34.48. The firm has a market cap of $8.29 billion, a PE ratio of 25.82 and a beta of 0.92. The stock has a 50 day moving average of $28.01 and a 200-day moving average of $27.51. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company posted $0.20 earnings per share. StandardAero'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. On average, equities analysts predict that StandardAero, Inc. will post 1.51 EPS for the current year.

Insiders Place Their Bets

In other StandardAero news, CEO Russell Wayne Ford sold 20,413 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 295,573 shares in the company, valued at $9,032,710.88. This trade represents a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 191,423 shares of company stock valued at $5,847,760. 2.10% of the stock is owned by corporate insiders.

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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