Swiss National Bank Purchases Shares of 223,100 StandardAero, Inc. $SARO

Key Points

• Swiss National Bank has acquired 223,100 shares of StandardAero, Inc. valued at approximately $5.94 million, representing 0.07% ownership as of the end of the last quarter.
• Significant institutional investors, such as Carlyle Group Inc. and Vanguard Group Inc., dramatically increased their holdings in StandardAero during the first quarter, with Carlyle raising its investment by 1,912.5%.
• StandardAero missed its earnings per share estimate in the most recent quarter, reporting $0.20 EPS against a consensus of $0.21, while revenue increased by 13.5% year-over-year.

Swiss National Bank acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 223,100 shares of the company's stock, valued at approximately $5,943,000. Swiss National Bank owned 0.07% of StandardAero at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SARO. GAMMA Investing LLC increased its holdings in StandardAero by 272.3% during the 1st 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. Cerity Partners LLC increased its holdings in StandardAero by 1.3% during the 1st quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock worth $1,847,000 after purchasing an additional 863 shares during the period. KBC Group NV purchased a new stake in StandardAero during the 1st quarter worth about $52,000. MetLife Investment Management LLC purchased a new stake in StandardAero during the 4th quarter worth about $54,000. Finally, Sterling Capital Management LLC purchased a new stake in StandardAero during the 4th quarter worth about $78,000.

Insiders Place Their Bets

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

StandardAero Stock Performance

StandardAero stock traded up $0.3450 during mid-day trading on Friday, reaching $27.2150. 1,091,085 shares of the company were exchanged, compared to its average volume of 2,333,492. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The firm's 50-day simple moving average is $29.24 and its two-hundred day simple moving average is $28.07. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.37 and a current ratio of 2.15. The firm has a market cap of $9.10 billion and a PE ratio of 66.47.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data 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 company 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 firm's revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Equities analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

SARO has been the topic of a number of recent analyst reports. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC dropped their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. Finally, UBS Group increased their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $34.67.

StandardAero Company 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.