Sumitomo Mitsui Trust Group Inc. Purchases 14,667 Shares of StandardAero, Inc. $SARO

Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 88.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,293 shares of the company’s stock after acquiring an additional 14,667 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in StandardAero were worth $990,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Corebridge Financial Inc. boosted its stake in shares of StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. GAMMA Investing LLC raised its position in StandardAero by 272.3% in the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares during the period. Cerity Partners LLC lifted its stake in StandardAero by 1.3% in the first quarter. Cerity Partners LLC now owns 69,342 shares of the company’s stock worth $1,847,000 after purchasing an additional 863 shares during the last quarter. Comerica Bank purchased a new stake in StandardAero during the first quarter valued at about $26,000. Finally, MetLife Investment Management LLC grew its stake in shares of StandardAero by 53.4% during the first quarter. MetLife Investment Management LLC now owns 3,358 shares of the company’s stock valued at $89,000 after buying an additional 1,169 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays started coverage on StandardAero in a research note on Friday, September 12th. They issued an “equal weight” rating and a $32.00 target price for the company. Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research lowered StandardAero from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of StandardAero in a report on Wednesday, October 8th. Finally, CIBC decreased their target price on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.71.

Insider Buying and Selling at StandardAero

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the transaction, the insider owned 16,908 shares in the company, valued at approximately $474,438.48. This represents a 81.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 90,626 shares of company stock worth $2,554,051. 1.90% of the stock is currently owned by corporate insiders.

StandardAero Stock Up 1.2%

Shares of NYSE SARO opened at $28.91 on Friday. The firm has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $28.25. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $31.97. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $9.67 billion and a PE ratio of 70.50.

StandardAero (NYSE:SARO) last announced its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Equities analysts expect 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.