Allspring Global Investments Holdings LLC Increases Stock Position in StandardAero, Inc. $SARO

Allspring Global Investments Holdings LLC grew its holdings in StandardAero, Inc. (NYSE:SARO) by 42.8% during the 1st quarter, Holdings Channel reports. The firm owned 15,081,516 shares of the company’s stock after buying an additional 4,523,693 shares during the period. StandardAero comprises approximately 0.7% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 18th biggest holding. Allspring Global Investments Holdings LLC’s holdings in StandardAero were worth $395,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SARO. Bank of New York Mellon Corp raised its holdings in shares of StandardAero by 118.8% in the first quarter. Bank of New York Mellon Corp now owns 1,114,263 shares of the company’s stock worth $28,781,000 after acquiring an additional 604,987 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in StandardAero in the 1st quarter valued at about $303,000. Bleakley Financial Group LLC lifted its holdings in StandardAero by 29.7% in the 1st quarter. Bleakley Financial Group LLC now owns 72,586 shares of the company’s stock valued at $1,875,000 after purchasing an additional 16,619 shares in the last quarter. Archer Investment Corp purchased a new position in StandardAero in the 1st quarter valued at about $242,000. Finally, State of Michigan Retirement System acquired a new stake in shares of StandardAero during the 1st quarter worth about $1,178,000.

StandardAero Price Performance

SARO stock opened at $26.60 on Friday. The stock’s 50 day moving average is $27.18 and its two-hundred day moving average is $28.20. StandardAero, Inc. has a 52-week low of $23.83 and a 52-week high of $34.48. The company has a market capitalization of $8.84 billion, a PE ratio of 30.22 and a beta of 0.91. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81.

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

Analysts Set New Price Targets

Several analysts recently issued reports on SARO shares. BTIG Research assumed coverage on StandardAero in a report on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price target for the company. Weiss Ratings raised StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Zacks Research lowered StandardAero from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Jefferies Financial Group lowered StandardAero from a “buy” rating to a “hold” rating and reduced their price target for the stock from $34.00 to $30.00 in a research report on Tuesday, June 2nd. Finally, Morgan Stanley set a $31.00 price target on StandardAero in a report on Wednesday. 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, the company has an average rating of “Moderate Buy” and an average target price of $34.00.

Insider Buying and Selling at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the sale, the chief executive officer owned 486,955 shares in the company, valued at approximately $14,822,910.20. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

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.