90,435 Shares in StandardAero, Inc. $SARO Bought by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 90,435 shares of the company’s stock, valued at approximately $2,705,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SARO. Carlyle Group Inc. bought a new stake in shares of StandardAero in the 2nd quarter worth about $2,529,998,000. BlackRock Inc. bought a new position in StandardAero during the 2nd quarter valued at about $646,128,000. Allspring Global Investments Holdings LLC raised its position in StandardAero by 42.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock worth $395,890,000 after purchasing an additional 4,523,693 shares during the period. Price T Rowe Associates Inc. MD raised its position in StandardAero by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock worth $401,525,000 after purchasing an additional 3,540,167 shares during the period. Finally, Jupiter Topco LLC bought a new stake in StandardAero in the second quarter worth about $366,857,000.

StandardAero Price Performance

Shares of SARO stock opened at $24.63 on Friday. The company has a market capitalization of $8.15 billion, a P/E ratio of 25.39 and a beta of 0.85. The company’s 50-day simple moving average is $27.73 and its two-hundred day simple moving average is $27.30. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.13 and a quick ratio of 1.59.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities analysts anticipate that StandardAero, Inc. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Morgan Stanley set a $33.00 target price on StandardAero in a research report on Monday, August 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Jefferies Financial Group cut StandardAero from a “buy” rating to a “hold” rating and dropped their price objective for the company from $34.00 to $30.00 in a report on Tuesday, June 2nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a research report on Friday, May 8th. Finally, UBS Group increased their target price on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.77.

Insider Buying and Selling at StandardAero

In other news, CEO Russell Ford sold 20,413 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 191,423 shares of company stock valued at $5,847,760. 2.10% of the stock is currently owned by corporate insiders.

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.