The Manufacturers Life Insurance Company Takes Position in StandardAero, Inc. $SARO

The Manufacturers Life Insurance Company bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 380,330 shares of the company's stock, valued at approximately $11,376,000. The Manufacturers Life Insurance Company owned about 0.11% of StandardAero as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC boosted its position in StandardAero by 0.6% in the second quarter. Cerity Partners LLC now owns 69,758 shares of the company's stock valued at $2,208,000 after buying an additional 416 shares in the last quarter. Royal Bank of Canada raised its stake in shares of StandardAero by 0.3% in the first quarter. Royal Bank of Canada now owns 161,325 shares of the company's stock valued at $4,167,000 after acquiring an additional 448 shares during the last quarter. Comerica Bank bought a new position in shares of StandardAero in the first quarter valued at approximately $26,000. GAMMA Investing LLC boosted its holdings in shares of StandardAero by 54.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,002 shares of the company's stock worth $90,000 after acquiring an additional 1,060 shares in the last quarter. Finally, US Bancorp DE grew its position in StandardAero by 46.4% during the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company's stock worth $123,000 after acquiring an additional 1,428 shares during the last quarter.

StandardAero Trading Down 0.1%

Shares of SARO opened at $25.05 on Friday. The stock's fifty day simple moving average is $27.96 and its 200-day simple moving average is $27.49. The firm has a market capitalization of $8.29 billion, a PE ratio of 25.83 and a beta of 0.92. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.08. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The company's revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, research analysts predict that StandardAero, Inc. will post 1.51 earnings per share for the current year.

Insider Activity at StandardAero

In related news, CEO Russell Wayne Ford sold 20,413 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.56, for a total transaction of $623,821.28. Following the completion of the sale, the chief executive officer directly owned 295,573 shares of the company's stock, valued at $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 191,423 shares of company stock worth $5,847,760. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

SARO has been the subject of a number of recent analyst reports. Weiss Ratings raised StandardAero from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 29th. Jefferies Financial Group lowered StandardAero from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating and issued a $39.00 price target on shares of StandardAero in a report on Friday, May 8th. Susquehanna reduced their price target on shares of StandardAero from $40.00 to $37.00 and set a "positive" rating on the stock in a research report on Monday, May 11th. Finally, UBS Group increased their price objective on shares of StandardAero from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.77.

About StandardAero

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.

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