Legal & General Group Plc Acquires New Position in StandardAero, Inc. $SARO

Legal & General Group Plc acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) during the 2nd quarter, HoldingsChannel reports. The firm acquired 280,625 shares of the company’s stock, valued at approximately $8,393,000.

A number of other large investors have also recently bought and sold shares of SARO. Comerica Bank acquired a new position in StandardAero in the first quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of StandardAero in the 2nd quarter worth approximately $55,000. Optiver Holding B.V. bought a new stake in shares of StandardAero in the 1st quarter worth approximately $51,000. Danske Bank A S acquired a new position in StandardAero during the 3rd quarter valued at approximately $82,000. Finally, GAMMA Investing LLC boosted its position in StandardAero by 54.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock valued at $90,000 after purchasing an additional 1,060 shares during the period.

StandardAero Stock Performance

SARO opened at $24.19 on Wednesday. The business has a 50 day moving average price of $27.85 and a two-hundred day moving average price of $27.38. 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 price-to-earnings ratio of 24.94 and a beta of 0.85. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48.

StandardAero (NYSE:SARO) last posted 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. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Research analysts predict that StandardAero, Inc. will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 20,413 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.56, for a total value 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 approximately $9,032,710.88. This represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 191,423 shares of company stock valued at $5,847,760 in the last quarter. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley set a $33.00 target price on StandardAero in a research report on Monday, August 10th. Susquehanna reduced their price target on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a report on Monday, May 11th. 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. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.77.

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.