Vanguard Group Inc. Acquires 3,171,404 Shares of StandardAero, Inc. $SARO

Key Points

• Vanguard Group Inc. raised its position in StandardAero, Inc. by 53.2% in the 1st quarter, now owning approximately 2.73% of the company, valued at $243.3 million.
• StandardAero reported $0.20 earnings per share for the last quarter, which was below the analysts' consensus estimate of $0.21, despite a revenue increase of 13.5% year-over-year.
• Several hedge funds have significantly increased their stakes in StandardAero, with GAMMA Investing LLC raising its investment by 272.3% in the same quarter.

Vanguard Group Inc. boosted its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 53.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,133,766 shares of the company's stock after buying an additional 3,171,404 shares during the quarter. Vanguard Group Inc. owned 2.73% of StandardAero worth $243,324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SARO. GAMMA Investing LLC increased its position in StandardAero by 272.3% in 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 last quarter. KBC Group NV purchased a new position in StandardAero in the first quarter worth about $52,000. MetLife Investment Management LLC bought a new stake in shares of StandardAero in the 4th quarter valued at approximately $54,000. Sterling Capital Management LLC bought a new stake in StandardAero in the fourth quarter worth $78,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of StandardAero in the 4th quarter worth about $79,000.

StandardAero Price Performance

Shares of NYSE SARO traded up $0.3440 during mid-day trading on Friday, hitting $27.2140. 1,091,085 shares of the stock were exchanged, compared to its average volume of 2,333,492. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.37 and a current ratio of 2.15. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a market cap of $9.10 billion and a P/E ratio of 66.47. The stock's fifty day simple moving average is $29.24 and its two-hundred day simple moving average is $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 for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The firm's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. As a group, analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the sale, the insider owned 34,463,633 shares of the company's stock, valued at approximately $940,857,180.90. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SARO. UBS Group lifted their target price on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. CIBC lowered their target price 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 lowered StandardAero from a "buy" rating to a "hold" rating in a research note 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 assigned a Hold rating to the company. According to MarketBeat.com, StandardAero has an average rating of "Moderate Buy" and a consensus target price 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.