StandardAero, Inc. $SARO Shares Acquired by Walleye Capital LLC

Walleye Capital LLC grew its position in shares of StandardAero, Inc. (NYSE:SARO) by 5.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 426,959 shares of the company’s stock after buying an additional 23,710 shares during the period. Walleye Capital LLC’s holdings in StandardAero were worth $13,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Carlyle Group Inc. increased its holdings in StandardAero by 1,912.5% in the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock valued at $3,579,159,000 after buying an additional 127,676,968 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of StandardAero by 311.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,548,613 shares of the company’s stock valued at $261,759,000 after acquiring an additional 6,471,813 shares during the period. Norges Bank acquired a new stake in shares of StandardAero during the 2nd quarter valued at about $203,038,000. Vanguard Group Inc. increased its stake in shares of StandardAero by 53.2% in the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock valued at $243,324,000 after purchasing an additional 3,171,404 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in StandardAero by 4,035.1% in the 1st quarter. Invesco Ltd. now owns 2,222,551 shares of the company’s stock worth $59,209,000 after purchasing an additional 2,168,803 shares during the period.

Analyst Ratings Changes

SARO has been the topic of several research analyst reports. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research report on Monday, November 24th. Bank of America dropped their price target on shares of StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 14th. Weiss Ratings restated a “sell (d+)” rating on shares of StandardAero in a research report on Monday. Finally, Zacks Research raised shares of StandardAero from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.43.

Insiders Place Their Bets

In related news, insider Alex Trapp sold 73,718 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the completion of the sale, the insider owned 16,908 shares of the company’s stock, valued at approximately $474,438.48. This represents a 81.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 90,626 shares of company stock worth $2,554,051 in the last quarter. Insiders own 1.90% of the company’s stock.

StandardAero Stock Up 2.6%

Shares of SARO opened at $26.56 on Friday. The stock has a 50 day moving average price of $26.88 and a 200 day moving average price of $28.06. StandardAero, Inc. has a one year low of $21.31 and a one year high of $31.97. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.48 and a current ratio of 2.18. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 48.29 and a beta of 1.16.

StandardAero (NYSE:SARO) last announced its earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.