Norges Bank Buys Shares of 7,589,073 StandardAero, Inc. $SARO

Norges Bank bought a new stake in shares of StandardAero, Inc. (NYSE:SARO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,589,073 shares of the company’s stock, valued at approximately $217,655,000.

Several other hedge funds have also bought and sold shares of the stock. Vulcan Value Partners LLC bought a new stake in StandardAero during the fourth quarter valued at approximately $13,618,000. Geode Capital Management LLC lifted its position in StandardAero by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 2,386,319 shares of the company’s stock valued at $68,454,000 after purchasing an additional 25,143 shares during the last quarter. Bleakley Financial Group LLC lifted its position in StandardAero by 36.0% during the fourth quarter. Bleakley Financial Group LLC now owns 55,967 shares of the company’s stock valued at $1,605,000 after purchasing an additional 14,815 shares during the last quarter. Burling Wealth Partners LLC bought a new stake in StandardAero during the fourth quarter valued at approximately $658,000. Finally, Covestor Ltd lifted its position in StandardAero by 1,057.6% during the fourth quarter. Covestor Ltd now owns 5,869 shares of the company’s stock valued at $168,000 after purchasing an additional 5,362 shares during the last quarter.

StandardAero Trading Down 8.0%

Shares of SARO opened at $25.17 on Wednesday. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 28.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 2.12. StandardAero, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $34.48. The firm has a 50 day moving average price of $26.17 and a 200-day moving average price of $28.02.

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

Insider Buying and Selling

In related news, insider Lewis Prebble sold 1,141 shares of StandardAero stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $31,217.76. Following the transaction, the insider directly owned 3,006 shares of the company’s stock, valued at $82,244.16. The trade was a 27.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kimberly Ernzen sold 2,516 shares of StandardAero stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $68,837.76. Following the completion of the transaction, the chief operating officer directly owned 6,632 shares in the company, valued at approximately $181,451.52. The trade was a 27.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 19,337 shares of company stock valued at $529,060 over the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SARO. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a report on Friday, May 8th. Morgan Stanley lowered their price objective on shares of StandardAero from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. BTIG Research began coverage on shares of StandardAero in a report on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price objective for the company. Truist Financial upgraded shares of StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group lowered shares of StandardAero from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $34.00 to $30.00 in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

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.