Price T Rowe Associates Inc. MD Sells 1,177,869 Shares of StandardAero, Inc. $SARO

Key Points

• Price T Rowe Associates Inc. reduced its stake in StandardAero, Inc. by 18.7%, selling over 1.1 million shares in the first quarter, now holding approximately 5.1 million shares valued at $136.3 million.
• Several analysts have adjusted their price targets for StandardAero, with UBS raising its target from $25 to $30 and a consensus rating of "Moderate Buy" with an average target of $34.67.
• StandardAero reported Q2 earnings of $0.20 per share, missing estimates, but saw a 13.5% increase in quarterly revenue compared to the previous year at $1.53 billion.

Price T Rowe Associates Inc. MD trimmed its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 18.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 5,115,657 shares of the company's stock after selling 1,177,869 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.53% of StandardAero worth $136,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SARO. GAMMA Investing LLC raised its holdings in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the last quarter. KBC Group NV purchased a new stake in StandardAero during the 1st quarter valued at $52,000. MetLife Investment Management LLC purchased a new position in shares of StandardAero in the 4th quarter worth $54,000. BNP Paribas Financial Markets bought a new stake in shares of StandardAero in the fourth quarter worth $79,000. Finally, Group One Trading LLC purchased a new stake in StandardAero during the fourth quarter valued at $87,000.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. CIBC cut their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. UBS Group lifted their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Price Performance

Shares of NYSE:SARO traded down $0.51 during mid-day trading on Friday, reaching $26.45. The stock had a trading volume of 324,748 shares, compared to its average volume of 2,302,625. The company has a market cap of $8.85 billion and a P/E ratio of 64.50. The business's 50 day moving average price is $28.93 and its 200 day moving average price is $28.07. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the company earned $0.02 earnings per share. The firm's revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

About StandardAero

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.