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

A number of other hedge funds also recently bought and sold shares of SARO. Wells Fargo & Company MN bought a new position in StandardAero in the 4th quarter valued at approximately $815,000. Russell Investments Group Ltd. bought a new position in shares of StandardAero during the fourth quarter valued at $204,000. Bank of Montreal Can bought a new position in shares of StandardAero during the fourth quarter valued at $442,000. Invesco Ltd. bought a new position in shares of StandardAero during the fourth quarter valued at $1,331,000. Finally, Legal & General Group Plc bought a new position in shares of StandardAero during the fourth quarter valued at $141,000.

StandardAero Stock Performance

Shares of NYSE SARO traded up $0.29 during trading on Friday, hitting $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 50 day simple moving average of $29.17 and a 200 day simple moving average of $28.08. 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 12 month low of $21.31 and a 12 month high of $34.38. The firm has a market capitalization of $9.08 billion and a P/E ratio of 66.25.

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 the consensus estimate of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business earned $0.02 EPS. The firm's quarterly revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. As a group, analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on SARO shares. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC lowered their price objective 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 increased their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. One research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.67.

Insider Activity

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction that occurred on 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 sale, the insider 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

About StandardAero

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.