Hsbc Holdings PLC Acquires New Shares in StandardAero, Inc. $SARO

Hsbc Holdings PLC acquired a new position in shares of StandardAero, Inc. (NYSE:SARO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,138 shares of the company’s stock, valued at approximately $1,245,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in StandardAero by 33.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock valued at $401,525,000 after purchasing an additional 3,540,167 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of StandardAero by 11.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,984,551 shares of the company’s stock worth $343,717,000 after purchasing an additional 1,194,488 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of StandardAero by 11.0% in the fourth quarter. Janus Henderson Group PLC now owns 11,224,061 shares of the company’s stock valued at $321,906,000 after buying an additional 1,108,066 shares during the period. Wellington Management Group LLP increased its stake in shares of StandardAero by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 10,867,767 shares of the company’s stock valued at $311,688,000 after buying an additional 522,203 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in StandardAero by 16.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,557,823 shares of the company’s stock valued at $312,934,000 after buying an additional 1,484,755 shares during the last quarter.

StandardAero Stock Performance

Shares of SARO stock opened at $29.59 on Tuesday. The stock has a market capitalization of $9.84 billion, a PE ratio of 33.63 and a beta of 0.91. The business’s 50 day simple moving average is $27.42 and its 200 day simple moving average is $28.13. 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, Inc. has a one year low of $23.83 and a one year high of $34.48.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, research analysts forecast that StandardAero, Inc. will post 1.42 earnings per share for the current year.

Insider Buying and Selling at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction on Monday, July 6th. The shares were sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the completion of the transaction, the chief executive officer owned 486,955 shares of the company’s stock, valued at $14,822,910.20. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SARO has been the topic of several recent research reports. Susquehanna cut their target price on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada decreased their price target on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Truist Financial raised shares of StandardAero to a “strong-buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $31.00 price target on shares of StandardAero in a report on Wednesday, July 15th. Finally, BTIG Research began coverage on shares of StandardAero in a research note on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

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.