FNY Investment Advisers LLC Acquires New Position in StandardAero, Inc. $SARO

FNY Investment Advisers LLC bought a new stake in StandardAero, Inc. (NYSE:SARO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $474,000.

A number of other large investors also recently bought and sold shares of SARO. Carlyle Group Inc. lifted its position in StandardAero by 1,912.5% in the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock valued at $3,579,159,000 after buying an additional 127,676,968 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in StandardAero by 311.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,548,613 shares of the company’s stock valued at $261,759,000 after buying an additional 6,471,813 shares during the last quarter. Vanguard Group Inc. lifted its position in StandardAero by 53.2% in the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock valued at $243,324,000 after buying an additional 3,171,404 shares during the last quarter. Invesco Ltd. lifted its position in StandardAero by 4,035.1% in the first quarter. Invesco Ltd. now owns 2,222,551 shares of the company’s stock valued at $59,209,000 after buying an additional 2,168,803 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of StandardAero by 29.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company’s stock worth $224,261,000 after purchasing an additional 1,902,687 shares in the last quarter.

Analyst Upgrades and Downgrades

SARO has been the topic of several research reports. Truist Financial initiated coverage on shares of StandardAero in a research report on Friday, October 10th. They set a “buy” rating and a $35.00 price target on the stock. Susquehanna initiated coverage on shares of StandardAero in a research report on Wednesday, September 17th. They set a “positive” rating and a $34.00 price target on the stock. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Barclays initiated coverage on shares of StandardAero in a research report on Friday, September 12th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, CIBC reduced their price target on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.42.

Insiders Place Their Bets

In related news, insider Alex Trapp sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $29.21, for a total value of $292,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 90,626 shares of company stock valued at $2,554,051 over the last 90 days.

StandardAero Stock Up 3.0%

Shares of NYSE:SARO opened at $28.41 on Wednesday. The firm’s 50 day moving average price is $27.09 and its 200 day moving average price is $27.99. The stock has a market cap of $9.50 billion and a price-to-earnings ratio of 69.29. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $32.19. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO) last issued its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.