StandardAero, Inc. $SARO Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp significantly increased its stake in StandardAero by 72.9%, owning 461,785 shares valued at approximately $12.3 million.
• Carlyle Group Inc. made the most substantial purchase, boosting its stake in StandardAero by 1,912.5%, now holding 134.3 million shares valued at $3.58 billion.
• Wall Street analysts have mixed opinions on StandardAero, with an average target price of $34.67 and ratings ranging from "Strong Buy" to "Hold".

Northern Trust Corp grew its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 72.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,785 shares of the company's stock after purchasing an additional 194,731 shares during the quarter. Northern Trust Corp owned about 0.14% of StandardAero worth $12,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in StandardAero by 272.3% in 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 shares of StandardAero during the first quarter worth about $52,000. MetLife Investment Management LLC purchased a new stake in StandardAero in the fourth quarter worth about $54,000. BNP Paribas Financial Markets purchased a new stake in StandardAero in the fourth quarter worth about $79,000. Finally, Group One Trading LLC purchased a new position in shares of StandardAero during the fourth quarter valued at approximately $87,000.

StandardAero Stock Performance

SARO stock traded up $0.27 during midday trading on Wednesday, hitting $26.91. 1,534,336 shares of the stock traded hands, compared to its average volume of 1,672,913. The firm has a market cap of $9.00 billion and a P/E ratio of 65.63. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. The stock's fifty day simple moving average is $28.25 and its 200-day simple moving average is $28.05. 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 posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business 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 business's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. On average, analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

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

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.