Swiss National Bank Takes Position in StandardAero, Inc. $SARO

Swiss National Bank acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 223,100 shares of the company’s stock, valued at approximately $5,943,000. Swiss National Bank owned approximately 0.07% of StandardAero at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Carlyle Group Inc. raised its holdings in shares of StandardAero by 1,912.5% during the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock worth $3,579,159,000 after acquiring an additional 127,676,968 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of StandardAero by 53.2% during the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock worth $243,324,000 after acquiring an additional 3,171,404 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero during the fourth quarter worth $161,324,000. Price T Rowe Associates Inc. MD acquired a new position in StandardAero during the fourth quarter worth $155,829,000. Finally, Janus Henderson Group PLC acquired a new position in StandardAero during the fourth quarter worth $145,849,000.

StandardAero Price Performance

Shares of NYSE SARO opened at $26.65 on Tuesday. The firm has a market cap of $8.91 billion and a PE ratio of 64.99. The company has a current ratio of 2.00, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The company has a fifty day moving average price of $29.49 and a 200 day moving average price of $28.10.

StandardAero (NYSE:SARO) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. StandardAero had a return on equity of 9.45% and a net margin of 2.37%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. Research analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on SARO shares. UBS Group increased their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. CIBC reduced their target price on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating for the company in a research note on Tuesday, July 8th. Finally, Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 828,729 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the transaction, the insider owned 34,463,633 shares in the company, valued at approximately $940,857,180.90. This represents a 2.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

StandardAero Company Profile

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.