Geode Capital Management LLC Raises Holdings in StandardAero, Inc. $SARO

Geode Capital Management LLC lifted its stake in StandardAero, Inc. (NYSE:SARO) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,386,319 shares of the company’s stock after acquiring an additional 25,143 shares during the quarter. Geode Capital Management LLC’s holdings in StandardAero were worth $68,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank purchased a new stake in shares of StandardAero in the first quarter worth about $26,000. State of Wyoming purchased a new stake in shares of StandardAero in the third quarter worth about $27,000. Aventura Private Wealth LLC purchased a new position in StandardAero during the fourth quarter worth approximately $45,000. Danske Bank A S purchased a new position in StandardAero during the third quarter worth approximately $82,000. Finally, Tower Research Capital LLC TRC boosted its position in StandardAero by 836.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,345 shares of the company’s stock worth $138,000 after purchasing an additional 3,881 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. 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. Weiss Ratings downgraded StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Wells Fargo & Company assumed coverage on StandardAero in a research report on Wednesday, April 1st. They set an “overweight” rating and a $32.00 price target on the stock. Truist Financial upgraded StandardAero to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group downgraded StandardAero from a “buy” rating to a “hold” rating and lowered their price target for the stock from $34.00 to $30.00 in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.25.

Insiders Place Their Bets

In other news, insider Lewis Prebble sold 1,141 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $31,217.76. Following the transaction, the insider owned 3,006 shares in the company, valued at $82,244.16. This trade represents a 27.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Anthony Brancato sold 1,107 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $30,287.52. Following the completion of the transaction, the insider owned 2,991 shares in the company, valued at approximately $81,833.76. This trade represents a 27.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 19,337 shares of company stock valued at $529,060.

StandardAero Stock Performance

NYSE SARO opened at $24.76 on Tuesday. The company has a market cap of $8.23 billion, a PE ratio of 28.13 and a beta of 0.97. The stock’s 50 day simple moving average is $26.07 and its 200-day simple moving average is $28.01. StandardAero, Inc. has a 1-year low of $23.83 and a 1-year high of $34.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59.

StandardAero (NYSE:SARO) last released its earnings results on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, equities research analysts anticipate that StandardAero, Inc. will post 1.42 EPS for the current fiscal year.

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.