Wellington Management Group LLP Decreases Stock Holdings in StandardAero, Inc. $SARO

Key Points

• Wellington Management cut its StandardAero stake by 48.5% in the second quarter, selling 3.96 million shares and retaining 4.21 million shares worth approximately $125.9 million. Other institutional investors, including Bank of America, established new positions.
• Analyst sentiment remains cautiously positive, with StandardAero carrying a consensus “Moderate Buy” rating and an average price target of $34.77. However, several firms downgraded the stock to “Hold,” while JPMorgan raised its target to $40.
• StandardAero’s shares opened at $24.19, near their 12-month low, despite the company beating quarterly EPS estimates ($0.40 versus $0.32) and reporting $1.60 billion in revenue, up 4.6% year over year.

Wellington Management Group LLP decreased its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 48.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,210,240 shares of the company's stock after selling 3,960,226 shares during the period. Wellington Management Group LLP owned about 1.27% of StandardAero worth $125,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Capital Financial Advisors LLC bought a new stake in shares of StandardAero in the second quarter worth $480,000. Public Employees Retirement System of Ohio bought a new position in StandardAero in the second quarter valued at about $1,966,000. PenderFund Capital Management Ltd. purchased a new position in StandardAero in the second quarter worth about $2,451,000. Corient Private Wealth LP purchased a new position in StandardAero in the second quarter worth about $351,000. Finally, Bank of America Corp DE bought a new stake in shares of StandardAero during the 2nd quarter valued at about $178,878,000.

Insider Transactions at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the completion of the transaction, the chief executive officer owned 486,955 shares of the company's stock, valued at $14,822,910.20. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 191,423 shares of company stock worth $5,847,760 over the last 90 days. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SARO. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Sunday, May 17th. Jefferies Financial Group cut StandardAero from a "buy" rating to a "hold" rating and reduced their price target for the stock from $34.00 to $30.00 in a research report on Tuesday, June 2nd. Morgan Stanley set a $33.00 target price on shares of StandardAero in a report on Monday, August 10th. Zacks Research downgraded shares of StandardAero from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. increased their target price on StandardAero from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.77.

StandardAero Trading Down 1.2%

SARO stock opened at $24.19 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.13 and a quick ratio of 1.59. The company has a market capitalization of $8.00 billion, a PE ratio of 24.94 and a beta of 0.85. The firm's 50-day moving average is $27.85 and its 200 day moving average is $27.38. StandardAero, Inc. has a 12 month low of $23.83 and a 12 month high of $34.48.

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

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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