StandardAero, Inc. $SARO Position Reduced by Alkeon Capital Management LLC

Alkeon Capital Management LLC trimmed its stake in shares of StandardAero, Inc. (NYSE:SARO) by 12.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,702,019 shares of the company’s stock after selling 250,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in StandardAero were worth $48,814,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SARO. Comerica Bank bought a new position in StandardAero during the 1st quarter valued at $26,000. State of Wyoming bought a new position in shares of StandardAero in the 3rd quarter worth about $27,000. Aventura Private Wealth LLC bought a new position in shares of StandardAero in the 4th quarter worth about $45,000. Danske Bank A S bought a new position in shares of StandardAero in the 3rd quarter worth about $82,000. Finally, Parallel Advisors LLC lifted its position in shares of StandardAero by 210.3% in the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after buying an additional 2,067 shares during the last quarter.

Insider Activity

In other news, insider Lewis Prebble sold 1,141 shares of StandardAero stock in a transaction that occurred 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 owned 3,006 shares of the company’s stock, valued at $82,244.16. The trade was a 27.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 that occurred 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 $181,451.52. This represents a 27.50% decrease in their position. 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 have sold 19,337 shares of company stock worth $529,060 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on SARO. Morgan Stanley reduced their price target on shares of StandardAero from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. BTIG Research began coverage on shares of StandardAero in a research report on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price target on the stock. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a research report on Friday, May 8th. Finally, 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. Two investment 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 stock. Based on data from MarketBeat.com, StandardAero presently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

StandardAero Stock Up 0.3%

SARO stock opened at $27.00 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. StandardAero, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $34.48. The firm’s 50-day simple moving average is $26.10 and its 200 day simple moving average is $28.05. The stock has a market cap of $8.98 billion, a PE ratio of 30.68 and a beta of 0.97.

StandardAero (NYSE:SARO) last released 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. The business 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 revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, sell-side analysts predict that StandardAero, Inc. will post 1.42 EPS for the current 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.