Alkeon Capital Management LLC Has $53.27 Million Stake in StandardAero, Inc. $SARO

Alkeon Capital Management LLC trimmed its stake in StandardAero, Inc. (NYSE:SARO) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952,019 shares of the company’s stock after selling 37,981 shares during the quarter. Alkeon Capital Management LLC owned 0.58% of StandardAero worth $53,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $30.09, for a total transaction of $1,203,600.00. Following the completion of the sale, the chief executive officer owned 606,955 shares in the company, valued at $18,263,275.95. This represents a 6.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 200,000 shares of company stock worth $6,044,000. 1.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SARO has been the subject of a number of research reports. Susquehanna set a $38.00 price objective on StandardAero in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Zacks Research raised StandardAero from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price target on shares of StandardAero in a report on Thursday, January 29th. Finally, Wall Street Zen raised StandardAero from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

StandardAero Stock Performance

NYSE:SARO opened at $26.08 on Friday. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.48. The firm’s fifty day simple moving average is $30.78 and its 200 day simple moving average is $28.46. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $8.68 billion, a PE ratio of 31.42 and a beta of 1.02.

StandardAero (NYSE:SARO) last released its earnings results 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 during 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 revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. On average, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero declared that its Board of Directors has approved a share repurchase program on Wednesday, December 10th that allows the company to buyback $450.00 million in shares. This buyback authorization allows the company to repurchase up to 5% of its stock through open market purchases. Stock buyback 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.