Northern Trust Corp Has $12.30 Million Stake in StandardAero, Inc. $SARO

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 raised its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 72.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,785 shares of the company's stock after buying an additional 194,731 shares during the period. Northern Trust Corp owned about 0.14% of StandardAero worth $12,302,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. KBC Group NV bought a new position in shares of StandardAero during the first quarter worth approximately $52,000. MetLife Investment Management LLC bought a new position in shares of StandardAero during the fourth quarter worth approximately $54,000. BNP Paribas Financial Markets bought a new position in shares of StandardAero during the fourth quarter worth approximately $79,000. Finally, Group One Trading LLC bought a new position in shares of StandardAero during the fourth quarter worth approximately $87,000.

StandardAero Price Performance

Shares of SARO stock traded up $0.16 during trading hours on Wednesday, reaching $26.80. The company's stock had a trading volume of 52,301 shares, compared to its average volume of 2,269,645. The firm's 50 day simple moving average is $28.33 and its 200-day simple moving average is $28.06. The company has a market capitalization of $8.96 billion and a price-to-earnings ratio of 65.37. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $34.38. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO - Get Free Report) last issued its 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). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $0.02 EPS. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. Sell-side analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.