Legal & General Group Plc acquired a new stake in StandardAero, Inc. (NYSE:SARO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 280,625 shares of the company’s stock, valued at approximately $8,393,000. Legal & General Group Plc owned approximately 0.08% of StandardAero as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SARO. Comerica Bank purchased a new stake in StandardAero during the 1st quarter valued at about $26,000. Optiver Holding B.V. acquired a new position in shares of StandardAero in the 1st quarter valued at $51,000. Northwestern Mutual Wealth Management Co. purchased a new position in StandardAero during the second quarter worth about $55,000. Danske Bank A S acquired a new stake in StandardAero in the 3rd quarter valued at approximately $82,000. Finally, Parallel Advisors LLC raised its holdings in shares of StandardAero by 210.3% in the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock valued at $87,000 after buying an additional 2,067 shares during the period.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on SARO shares. Morgan Stanley set a $33.00 price target on StandardAero in a research report on Monday, August 10th. Susquehanna dropped their price objective on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research note on Monday, May 11th. Zacks Research lowered 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 issued a $39.00 price target on shares of StandardAero in a report on Friday, May 8th. Finally, Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued 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 $34.77.
Insider Buying and Selling at StandardAero
In related news, CEO Russell Wayne Ford sold 20,413 shares of the company’s stock in a transaction that occurred on 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 approximately $9,032,710.88. This represents a 6.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 191,423 shares of company stock valued at $5,847,760. 2.10% of the stock is currently owned by insiders.
StandardAero Stock Down 1.2%
SARO stock opened at $24.19 on Wednesday. StandardAero, Inc. has a twelve month low of $23.83 and a twelve month high of $34.48. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $8.00 billion, a P/E ratio of 24.94 and a beta of 0.85. The firm has a 50 day simple moving average of $27.85 and a 200-day simple moving average of $27.38.
StandardAero (NYSE:SARO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm 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%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, equities research analysts predict that StandardAero, Inc. will post 1.51 earnings per share for the current fiscal year.
StandardAero Company Profile
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.
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