WINTON GROUP Ltd decreased its stake in StandardAero, Inc. (NYSE:SARO – Free Report) by 69.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,334 shares of the company’s stock after selling 73,266 shares during the quarter. WINTON GROUP Ltd’s holdings in StandardAero were worth $927,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cerity Partners LLC lifted its stake in StandardAero by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock valued at $2,208,000 after buying an additional 416 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in StandardAero by 20.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,411 shares of the company’s stock worth $120,000 after buying an additional 751 shares in the last quarter. Comerica Bank acquired a new position in shares of StandardAero during the first quarter valued at approximately $26,000. State of Wyoming acquired a new position in shares of StandardAero during the third quarter valued at approximately $27,000. Finally, US Bancorp DE lifted its position in shares of StandardAero by 46.4% in the third quarter. US Bancorp DE now owns 4,506 shares of the company’s stock valued at $123,000 after acquiring an additional 1,428 shares in the last quarter.
Analysts Set New Price Targets
Several brokerages recently commented on SARO. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $39.00 price target on shares of StandardAero in a research report on Friday, May 8th. Wells Fargo & Company initiated coverage on StandardAero in a report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research note on Tuesday, February 24th. Royal Bank Of Canada dropped their target price on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Zacks Research cut shares of StandardAero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, StandardAero has an average rating of “Moderate Buy” and an average target price of $34.25.
Insider Buying and Selling
In other StandardAero news, CEO Russell Wayne Ford sold 10,638 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $291,055.68. Following the completion of the sale, the chief executive officer owned 14,342 shares of the company’s stock, valued at $392,397.12. This trade represents a 42.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Kimberly Ernzen sold 2,516 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $68,837.76. Following the sale, the chief operating officer directly owned 6,632 shares of the company’s stock, valued at approximately $181,451.52. This trade represents a 27.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 19,337 shares of company stock valued at $529,060 in the last ninety days.
StandardAero Stock Up 3.2%
Shares of SARO opened at $25.60 on Wednesday. StandardAero, Inc. has a 52-week low of $23.83 and a 52-week high of $34.48. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $26.08 and a two-hundred day simple moving average of $28.01. The company has a market capitalization of $8.51 billion, a PE ratio of 29.09 and a beta of 0.97.
StandardAero (NYSE:SARO – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.49 billion. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. StandardAero’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities analysts forecast that StandardAero, Inc. will post 1.42 EPS for the current year.
About StandardAero
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.
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