SummitTX Capital L.P. purchased a new position in shares of StandardAero, Inc. (NYSE:SARO – Free Report) in the 1st quarter, Holdings Channel.com reports. The firm purchased 68,903 shares of the company’s stock, valued at approximately $1,780,000.
Several other hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC grew its position in StandardAero by 2.1% in the 1st quarter. Lazard Asset Management LLC now owns 260,162 shares of the company’s stock valued at $6,720,000 after buying an additional 5,377 shares during the last quarter. Sculptor Capital LP purchased a new position in StandardAero during the 1st quarter worth $8,824,000. Unisphere Establishment raised its position in StandardAero by 66.7% during the 1st quarter. Unisphere Establishment now owns 325,000 shares of the company’s stock worth $8,395,000 after buying an additional 130,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of StandardAero by 36.1% in the 1st quarter. Renaissance Technologies LLC now owns 814,800 shares of the company’s stock worth $21,046,000 after acquiring an additional 216,100 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of StandardAero by 1,202.2% in the 1st quarter. Gabelli Funds LLC now owns 182,311 shares of the company’s stock worth $4,709,000 after acquiring an additional 168,311 shares during the period.
StandardAero Stock Performance
SARO opened at $30.14 on Wednesday. The stock has a market cap of $10.02 billion, a P/E ratio of 34.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. The stock’s 50 day simple moving average is $27.52 and its 200 day simple moving average is $28.13. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48.
Insider Buying and Selling at StandardAero
In other news, CEO Russell Wayne Ford sold 40,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was 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 owned 486,955 shares in the company, valued at $14,822,910.20. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Royal Bank Of Canada cut their price target on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Weiss Ratings raised StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. UBS Group upgraded StandardAero from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $35.00 to $34.00 in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.00.
View Our Latest Report on SARO
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.
Featured Articles
- Five stocks we like better than StandardAero
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Want to see what other hedge funds are holding SARO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for StandardAero, Inc. (NYSE:SARO – Free Report).
Receive News & Ratings for StandardAero Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StandardAero and related companies with MarketBeat.com's FREE daily email newsletter.
