Swiss National Bank Purchases 98,700 Shares of StandardAero, Inc. $SARO

Key Points

• Swiss National Bank increased its StandardAero stake by 33.9% in the first quarter, acquiring 98,700 additional shares and bringing its holdings to 390,100 shares valued at approximately $10.1 million.
• Analysts maintain a generally positive view, with StandardAero receiving a “Moderate Buy” consensus rating and an average price target of $34.00, despite one recent downgrade and a lowered RBC target.
• StandardAero exceeded quarterly expectations, reporting $0.33 in earnings per share versus a $0.30 consensus and $1.63 billion in revenue, up 13.3% year over year; CEO Russell Wayne Ford separately sold 40,000 shares.

Swiss National Bank grew its position in StandardAero, Inc. (NYSE:SARO - Free Report) by 33.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 390,100 shares of the company's stock after acquiring an additional 98,700 shares during the quarter. Swiss National Bank owned about 0.12% of StandardAero worth $10,076,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vulcan Value Partners LLC bought a new stake in StandardAero in the fourth quarter worth about $13,618,000. Allspring Global Investments Holdings LLC boosted its position in shares of StandardAero by 16.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,557,823 shares of the company's stock valued at $312,934,000 after buying an additional 1,484,755 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of StandardAero by 5.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,465,939 shares of the company's stock valued at $99,403,000 after buying an additional 179,930 shares during the last quarter. Trinity Street Asset Management LLP bought a new position in shares of StandardAero during the first quarter valued at approximately $25,692,000. Finally, M.D. Sass LLC raised its holdings in shares of StandardAero by 69.5% in the fourth quarter. M.D. Sass LLC now owns 1,991,537 shares of the company's stock worth $57,117,000 after buying an additional 816,573 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SARO shares. Royal Bank Of Canada decreased their price target on StandardAero from $37.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 1st. BTIG Research assumed coverage on StandardAero in a research report on Thursday, April 2nd. They issued a "buy" rating and a $35.00 price objective on the stock. Zacks Research downgraded StandardAero from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating and issued a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. Finally, Wells Fargo & Company began coverage on StandardAero in a research report on Wednesday, April 1st. They set an "overweight" rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.00.

StandardAero Stock Performance

Shares of NYSE:SARO opened at $28.73 on Monday. The firm has a market cap of $9.55 billion, a PE ratio of 32.65 and a beta of 0.91. The firm's 50 day simple moving average is $27.34 and its 200-day simple moving average is $28.13. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 2.12.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.49 billion. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities analysts predict that StandardAero, Inc. will post 1.42 EPS for the current year.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the transaction, the chief executive officer directly owned 486,955 shares in the company, valued at $14,822,910.20. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

StandardAero Company Profile

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.