UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in StandardAero, Inc. $SARO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of StandardAero, Inc. (NYSE:SAROFree Report) by 19.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 437,138 shares of the company’s stock after purchasing an additional 72,089 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in StandardAero were worth $13,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank purchased a new position in StandardAero in the first quarter worth about $26,000. Royal Bank of Canada increased its position in shares of StandardAero by 418.8% during the 1st quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock valued at $3,682,000 after purchasing an additional 111,617 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of StandardAero in the 1st quarter worth approximately $521,000. Goldman Sachs Group Inc. purchased a new position in shares of StandardAero in the first quarter worth approximately $6,821,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of StandardAero by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 215,870 shares of the company’s stock worth $6,832,000 after buying an additional 6,269 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings raised shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Jefferies Financial Group lowered StandardAero from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Morgan Stanley set a $33.00 target price on StandardAero in a research report on Monday, August 10th. Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, UBS Group raised their price objective on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.77.

Read Our Latest Research Report on SARO

Insider Buying and Selling

In other StandardAero news, CEO Russell Ford sold 20,413 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the sale, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at $9,032,710.88. This trade represents a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 191,423 shares of company stock worth $5,847,760 over the last quarter. 2.10% of the stock is owned by company insiders.

StandardAero Stock Performance

Shares of NYSE SARO opened at $24.86 on Friday. The firm has a fifty day moving average price of $27.66 and a 200-day moving average price of $27.28. 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 stock has a market cap of $8.23 billion, a PE ratio of 25.63 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:SAROGet Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. StandardAero’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Equities analysts anticipate that StandardAero, Inc. will post 1.51 earnings per share for the current fiscal year.

StandardAero Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for StandardAero (NYSE:SARO)

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