Next Century Growth Investors LLC Has $7.72 Million Stock Position in StandardAero, Inc. $SARO

Next Century Growth Investors LLC boosted its position in shares of StandardAero, Inc. (NYSE:SARO) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 269,301 shares of the company’s stock after purchasing an additional 24,710 shares during the quarter. Next Century Growth Investors LLC owned about 0.08% of StandardAero worth $7,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SARO. Norges Bank bought a new stake in StandardAero during the 4th quarter worth about $217,655,000. Victory Capital Management Inc. raised its holdings in StandardAero by 175.8% during the 4th quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company’s stock worth $144,568,000 after purchasing an additional 3,212,827 shares during the last quarter. Bessemer Group Inc. raised its holdings in StandardAero by 447,114.3% during the 4th quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock worth $89,014,000 after purchasing an additional 3,102,973 shares during the last quarter. State Street Corp raised its holdings in StandardAero by 90.7% during the 2nd quarter. State Street Corp now owns 6,047,097 shares of the company’s stock worth $191,391,000 after purchasing an additional 2,875,579 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in StandardAero by 18.2% during the 3rd quarter. Wellington Management Group LLP now owns 10,345,564 shares of the company’s stock worth $282,330,000 after purchasing an additional 1,593,347 shares during the last quarter.

Insider Buying and Selling at StandardAero

In related news, insider Anthony Brancato sold 1,107 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $30,287.52. Following the completion of the sale, the insider directly owned 2,991 shares of the company’s stock, valued at approximately $81,833.76. This represents a 27.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 $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. The trade was a 27.50% decrease in their ownership of the stock. 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 19,337 shares of company stock worth $529,060 in the last quarter. Company insiders own 2.10% of the company’s stock.

StandardAero Stock Performance

Shares of SARO stock opened at $26.91 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. The stock has a market cap of $8.95 billion, a PE ratio of 30.58 and a beta of 0.97. The stock has a 50-day moving average of $26.09 and a 200-day moving average of $28.04. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Weiss Ratings cut StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Jefferies Financial Group cut StandardAero from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $34.00 to $30.00 in a report on Tuesday, June 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $39.00 price objective on shares of StandardAero in a report on Friday, May 8th. Truist Financial raised StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

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.