Peregrine Capital Management LLC Invests $5.37 Million in StandardAero, Inc. $SARO

Peregrine Capital Management LLC bought a new position in shares of StandardAero, Inc. (NYSE:SAROFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 207,884 shares of the company’s stock, valued at approximately $5,370,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vulcan Value Partners LLC purchased a new stake in shares of StandardAero during the 4th quarter worth approximately $13,618,000. ArrowMark Colorado Holdings LLC grew its position in shares of StandardAero by 45.5% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,428,485 shares of the company’s stock valued at $66,273,000 after buying an additional 759,694 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of StandardAero in the 3rd quarter valued at $1,241,000. Allspring Global Investments Holdings LLC grew its position in shares of StandardAero by 16.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,557,823 shares of the company’s stock valued at $312,934,000 after buying an additional 1,484,755 shares during the last quarter. Finally, Fortress Investment Group LLC raised its stake in StandardAero by 35.1% during the 3rd quarter. Fortress Investment Group LLC now owns 945,400 shares of the company’s stock worth $25,800,000 after acquiring an additional 245,400 shares in the last quarter.

StandardAero Price Performance

Shares of SARO opened at $29.98 on Thursday. 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 simple moving average of $26.38 and a 200-day simple moving average of $28.19. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 34.06 and a beta of 0.91.

StandardAero (NYSE:SAROGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities research analysts anticipate that StandardAero, Inc. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group raised shares of StandardAero from a “neutral” rating to a “buy” rating and reduced their price target for the company from $35.00 to $34.00 in a research report on Monday, May 11th. Royal Bank Of Canada cut their target price on StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a report on Friday, May 8th. Weiss Ratings raised StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Morgan Stanley dropped their price target on StandardAero from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

View Our Latest Stock Analysis on SARO

Insider Buying and Selling

In other StandardAero news, insider Anthony Brancato sold 1,107 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 value of $30,287.52. Following the transaction, the insider directly owned 2,991 shares in the company, valued at approximately $81,833.76. This trade represents a 27.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Daniel Satterfield sold 2,306 shares of the business’s 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 $63,092.16. Following the completion of the transaction, the chief financial officer directly owned 6,232 shares in the company, valued at approximately $170,507.52. The trade was a 27.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 19,337 shares of company stock worth $529,060. 2.10% of the stock is currently owned by insiders.

About StandardAero

(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.

Further Reading

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Institutional Ownership by Quarter for StandardAero (NYSE:SARO)

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