T. Rowe Price Investment Management Inc. Raises Stock Holdings in StandardAero, Inc. $SARO

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in StandardAero, Inc. by 29.2% during the 1st quarter, acquiring an additional 1,902,687 shares, bringing its total ownership to approximately $224 million.
• Major shareholder Private Ltd Gic sold over 5.5 million shares of StandardAero, reducing its stake by 13.54%, with the total transaction valued at around $150.8 million.
• StandardAero reported earnings of $0.20 per share for the last quarter, slightly missing analysts' expectations, while its revenue increased by 13.5% year-over-year to $1.53 billion.

T. Rowe Price Investment Management Inc. raised its holdings in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 29.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,418,195 shares of the company's stock after buying an additional 1,902,687 shares during the period. T. Rowe Price Investment Management Inc. owned about 2.52% of StandardAero worth $224,261,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Carlyle Group Inc. grew its position in shares of StandardAero by 1,912.5% during the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after acquiring an additional 127,676,968 shares during the period. Vanguard Group Inc. lifted its position in StandardAero by 53.2% during the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock valued at $243,324,000 after purchasing an additional 3,171,404 shares in the last quarter. Wellington Management Group LLP grew its holdings in StandardAero by 9.1% during the first quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company's stock valued at $215,965,000 after purchasing an additional 678,520 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in StandardAero during the fourth quarter valued at about $155,829,000. Finally, Janus Henderson Group PLC purchased a new stake in StandardAero in the fourth quarter worth about $145,849,000.

StandardAero Price Performance

Shares of NYSE SARO traded up $0.22 during mid-day trading on Tuesday, reaching $27.13. The company's stock had a trading volume of 244,683 shares, compared to its average volume of 2,322,537. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The stock has a fifty day moving average of $29.10 and a two-hundred day moving average of $28.08. The firm has a market capitalization of $9.07 billion and a PE ratio of 66.00.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The firm's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the sale, the insider owned 34,463,633 shares in the company, valued at $940,857,180.90. The trade was a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

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.