KLP Kapitalforvaltning AS Purchases 8,500 Shares of StandardAero, Inc. $SARO

KLP Kapitalforvaltning AS grew its stake in shares of StandardAero, Inc. (NYSE:SARO) by 53.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,400 shares of the company’s stock after acquiring an additional 8,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in StandardAero were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Carlyle Group Inc. grew its position in shares of StandardAero by 1,912.5% during the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock valued at $3,579,159,000 after acquiring an additional 127,676,968 shares during the period. Vanguard Group Inc. grew its position in shares of StandardAero by 53.2% during the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock valued at $243,324,000 after acquiring an additional 3,171,404 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of StandardAero by 29.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company’s stock valued at $224,261,000 after acquiring an additional 1,902,687 shares during the period. Wellington Management Group LLP grew its position in shares of StandardAero by 9.1% during the 1st quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company’s stock valued at $215,965,000 after acquiring an additional 678,520 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of StandardAero by 49.4% during the 1st quarter. Alliancebernstein L.P. now owns 4,552,851 shares of the company’s stock valued at $121,288,000 after acquiring an additional 1,505,726 shares during the period.

Insider Activity

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $28.06, for a total value of $2,068,527.08. Following the transaction, the insider owned 16,908 shares in the company, valued at approximately $474,438.48. The trade was a 81.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 80,626 shares of company stock valued at $2,261,951 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SARO has been the subject of a number of research reports. 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 report on Tuesday, July 8th. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StandardAero in a report on Wednesday, October 8th. Susquehanna assumed coverage on shares of StandardAero in a report on Wednesday, September 17th. They issued a “positive” rating and a $34.00 price objective for the company. Finally, Zacks Research downgraded shares of StandardAero from a “hold” rating to a “strong sell” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.42.

StandardAero Price Performance

Shares of NYSE:SARO opened at $27.90 on Friday. The stock has a market cap of $9.33 billion and a PE ratio of 68.05. The company’s fifty day moving average is $27.12 and its 200 day moving average is $27.93. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $33.00. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO) last issued its earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the business earned $0.02 EPS. StandardAero’s revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. Research analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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.