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

The Manufacturers Life Insurance Company increased its holdings in StandardAero, Inc. (NYSE:SARO) by 702.0% during the 1st quarter, Holdings Channel reports. The firm owned 349,350 shares of the company’s stock after buying an additional 305,788 shares during the period. The Manufacturers Life Insurance Company’s holdings in StandardAero were worth $9,024,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in StandardAero during the 4th quarter valued at approximately $217,655,000. Allspring Global Investments Holdings LLC increased its stake in shares of StandardAero by 42.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after buying an additional 4,523,693 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of StandardAero by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock valued at $401,525,000 after acquiring an additional 3,540,167 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of StandardAero by 175.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company’s stock valued at $144,568,000 after acquiring an additional 3,212,827 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in StandardAero by 447,114.3% in the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock worth $89,014,000 after acquiring an additional 3,102,973 shares during the period.

Insider Transactions at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on SARO shares. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research report on Friday, May 8th. UBS Group raised shares of StandardAero from a “neutral” rating to a “buy” rating and cut their target price for the company from $35.00 to $34.00 in a research note on Monday, May 11th. Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and reduced their price target for the company from $34.00 to $30.00 in a research report on Tuesday, June 2nd. Finally, Susquehanna decreased their price target on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

StandardAero Price Performance

SARO opened at $29.97 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 34.06 and a beta of 0.92. The stock has a fifty day simple moving average of $27.74 and a two-hundred day simple moving average of $28.06. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48.

StandardAero (NYSE:SARO) last announced its earnings results on Thursday, May 7th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.49 billion. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Research analysts predict that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

StandardAero Profile

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.