Healthcare of Ontario Pension Plan Trust Fund Sells 247,400 Shares of StandardAero, Inc. $SARO

Healthcare of Ontario Pension Plan Trust Fund cut its stake in StandardAero, Inc. (NYSE:SAROFree Report) by 13.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,575,000 shares of the company’s stock after selling 247,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in StandardAero were worth $40,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in StandardAero by 36.1% during the first quarter. Renaissance Technologies LLC now owns 814,800 shares of the company’s stock valued at $21,046,000 after acquiring an additional 216,100 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of StandardAero by 1,202.2% in the first quarter. Gabelli Funds LLC now owns 182,311 shares of the company’s stock valued at $4,709,000 after acquiring an additional 168,311 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of StandardAero by 56.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 66,809 shares of the company’s stock worth $1,726,000 after acquiring an additional 24,170 shares during the last quarter. M.D. Sass LLC boosted its stake in shares of StandardAero by 7.9% during the 1st quarter. M.D. Sass LLC now owns 2,149,680 shares of the company’s stock worth $55,526,000 after purchasing an additional 158,143 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of StandardAero by 55.4% during the 1st quarter. Sei Investments Co. now owns 1,439,421 shares of the company’s stock worth $37,180,000 after purchasing an additional 512,992 shares during the period.

Analysts Set New Price Targets

SARO has been the topic of a number of recent analyst reports. Zacks Research lowered shares of StandardAero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research report on Friday, May 8th. Susquehanna decreased their price target on StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research note on Monday, May 11th. Truist Financial upgraded shares of StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered shares of StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Get Our Latest Research Report on StandardAero

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the completion of the transaction, the chief executive officer directly owned 486,955 shares in the company, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

StandardAero Stock Up 1.7%

Shares of StandardAero stock opened at $28.73 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. StandardAero, Inc. has a 1 year low of $23.83 and a 1 year high of $34.48. The firm’s 50-day moving average is $27.34 and its two-hundred day moving average is $28.15. The stock has a market cap of $9.55 billion, a price-to-earnings ratio of 32.65 and a beta of 0.91.

StandardAero (NYSE:SAROGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $1.63 billion during 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 was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, research analysts expect that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

StandardAero Company 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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