CI Investments Inc. Boosts Stake in StandardAero, Inc. $SARO

CI Investments Inc. grew its stake in StandardAero, Inc. (NYSE:SARO) by 23.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,425 shares of the company’s stock after acquiring an additional 19,841 shares during the quarter. CI Investments Inc.’s holdings in StandardAero were worth $2,877,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Comerica Bank bought a new stake in StandardAero during the first quarter valued at about $26,000. Royal Bank of Canada lifted its position in shares of StandardAero by 418.8% during the first quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock valued at $3,682,000 after buying an additional 111,617 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of StandardAero in the 1st quarter valued at about $521,000. Goldman Sachs Group Inc. purchased a new position in shares of StandardAero in the 1st quarter worth approximately $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of StandardAero during the 1st quarter worth approximately $12,343,000.

StandardAero Stock Performance

SARO opened at $30.15 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month high of $34.48. The firm has a 50 day moving average of $30.91 and a two-hundred day moving average of $28.40. The firm has a market capitalization of $10.03 billion, a PE ratio of 36.33 and a beta of 1.02.

StandardAero (NYSE:SARO) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. On average, analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 10th that authorizes the company to repurchase $450.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total value of $1,204,800.00. Following the completion of the transaction, the chief executive officer owned 726,955 shares of the company’s stock, valued at $21,895,884.60. The trade was a 5.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 160,000 shares of company stock worth $4,840,400. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SARO shares. Bank of America lowered their target price on shares of StandardAero from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 14th. UBS Group raised their price objective on StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Wall Street Zen upgraded StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price target on shares of StandardAero in a research note on Thursday, January 29th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.67.

StandardAero 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.