StandardAero, Inc. $SARO Shares Purchased by Vanguard Group Inc.

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. grew its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 53.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,133,766 shares of the company's stock after acquiring an additional 3,171,404 shares during the period. Vanguard Group Inc. owned about 2.73% of StandardAero worth $243,324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in StandardAero by 272.3% in the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after buying an additional 7,578 shares during the period. Rhumbline Advisers grew its stake in shares of StandardAero by 45.9% in the first quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock valued at $1,954,000 after buying an additional 23,086 shares in the last quarter. KBC Group NV purchased a new stake in shares of StandardAero during the 1st quarter valued at about $52,000. Finally, Two Sigma Investments LP acquired a new position in StandardAero during the 4th quarter worth approximately $879,000.

Analyst Upgrades and Downgrades

SARO has been the subject of a number of analyst reports. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC reduced their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. Finally, UBS Group raised their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Stock Up 1.1%

Shares of NYSE:SARO traded up $0.29 during midday trading on Friday, reaching $27.16. The company had a trading volume of 2,542,205 shares, compared to its average volume of 1,753,818. The stock has a market capitalization of $9.08 billion and a P/E ratio of 66.25. The stock's fifty day moving average price is $29.17 and its 200-day moving average price is $28.08. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.37. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38.

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

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider directly owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company's stock.

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.