StandardAero, Inc. $SARO Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of StandardAero, Inc. (NYSE:SARO) by 42.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 308,384 shares of the company’s stock after buying an additional 92,514 shares during the period. JPMorgan Chase & Co. owned about 0.09% of StandardAero worth $8,416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank purchased a new position in StandardAero during the 2nd quarter valued at about $203,038,000. State Street Corp lifted its stake in shares of StandardAero by 90.7% in the 2nd quarter. State Street Corp now owns 6,047,097 shares of the company’s stock valued at $191,391,000 after purchasing an additional 2,875,579 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of StandardAero by 8,451.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,827,896 shares of the company’s stock valued at $49,883,000 after acquiring an additional 1,806,520 shares during the last quarter. Wellington Management Group LLP grew its holdings in StandardAero by 18.2% during the third quarter. Wellington Management Group LLP now owns 10,345,564 shares of the company’s stock valued at $282,330,000 after purchasing an additional 1,593,347 shares during the last quarter. Finally, M.D. Sass LLC bought a new position in StandardAero in the 3rd quarter worth $32,065,000.

Analyst Ratings Changes

Several brokerages have commented on SARO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 price objective on shares of StandardAero in a research report on Thursday, January 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $39.00 price objective on shares of StandardAero in a report on Tuesday, February 24th. Zacks Research raised shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Wall Street Zen raised StandardAero from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Insider Activity at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $30.09, for a total value of $1,203,600.00. Following the completion of the sale, the chief executive officer owned 606,955 shares of the company’s stock, valued at $18,263,275.95. This trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 200,000 shares of company stock worth $6,044,000 over the last quarter.

StandardAero Stock Performance

NYSE:SARO opened at $25.47 on Monday. The firm has a 50 day moving average of $29.75 and a 200-day moving average of $28.43. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.48. The stock has a market capitalization of $8.47 billion, a P/E ratio of 30.68 and a beta of 1.02. 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 (NYSE:SARO) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

StandardAero announced that its Board of Directors has approved a share buyback program on Wednesday, December 10th that permits the company to repurchase $450.00 million in shares. This repurchase authorization permits the company to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.