StandardAero, Inc. $SARO Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. significantly increased its stake in StandardAero, acquiring over 2.1 million shares and now holds approximately 0.66% of the company valued at $59.2 million.
• StandardAero's quarterly earnings report indicated a missed consensus estimate, reporting $0.20 EPS compared to the expected $0.21, although revenue grew by 13.5% year-over-year.
• Several analysts have recently adjusted their ratings for StandardAero, leading to an average rating of "Moderate Buy" with a target price of $34.67.

Invesco Ltd. grew its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 4,035.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,222,551 shares of the company's stock after purchasing an additional 2,168,803 shares during the period. Invesco Ltd. owned approximately 0.66% of StandardAero worth $59,209,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Carlyle Group Inc. boosted its position in shares of StandardAero by 1,912.5% during the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock worth $3,579,159,000 after purchasing an additional 127,676,968 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of StandardAero during the 4th quarter worth $5,226,000. GAMMA Investing LLC boosted its position in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Geode Capital Management LLC purchased a new stake in shares of StandardAero during the 4th quarter worth $23,737,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of StandardAero by 83.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after purchasing an additional 7,578 shares in the last quarter.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $27.30, for a total value of $150,828,732.60. Following the completion of the transaction, the insider owned 35,292,362 shares of the company's stock, valued at approximately $963,481,482.60. The trade was a 13.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group lifted their price target on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, StandardAero currently has an average rating of "Moderate Buy" and a consensus price target of $34.67.

StandardAero Price Performance

Shares of NYSE:SARO traded up $0.2140 during midday trading on Thursday, hitting $26.8540. 1,606,557 shares of the stock were exchanged, compared to its average volume of 1,740,070. The stock has a market cap of $8.98 billion and a P/E ratio of 65.50. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.91. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a 50 day moving average price of $29.24 and a 200-day moving average price of $28.07.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. On average, research analysts forecast that StandardAero, Inc. will post 0.29 earnings per share 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.