StandardAero, Inc. $SARO Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its holdings in StandardAero, Inc. (NYSE:SARO) by 5.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,634,978 shares of the company’s stock after selling 192,521 shares during the period. Brown Advisory Inc.’s holdings in StandardAero were worth $115,047,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Carlyle Group Inc. lifted its holdings in StandardAero by 13.6% in the second quarter. Carlyle Group Inc. now owns 152,673,891 shares of the company’s stock worth $4,832,129,000 after acquiring an additional 18,321,061 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of StandardAero by 53.2% during the first 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 during the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $261,759,000 after purchasing an additional 6,471,813 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of StandardAero by 29.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company’s stock worth $224,261,000 after purchasing an additional 1,902,687 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in StandardAero by 9.1% during the 1st quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company’s stock valued at $215,965,000 after purchasing an additional 678,520 shares during the period.

Insider Buying and Selling

In other StandardAero news, insider Alex Trapp sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $29.21, for a total value of $292,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 90,626 shares of company stock worth $2,554,051 over the last quarter. 1.90% of the stock is owned by insiders.

StandardAero Stock Performance

SARO stock opened at $26.56 on Friday. The company has a 50-day simple moving average of $26.88 and a 200 day simple moving average of $28.06. The company has a market capitalization of $8.88 billion, a P/E ratio of 48.29 and a beta of 1.16. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.97.

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

Wall Street Analyst Weigh In

SARO has been the topic of several analyst reports. Truist Financial initiated coverage on StandardAero in a research report on Friday, October 10th. They issued a “buy” rating and a $35.00 target price on the stock. Bank of America dropped their price objective on shares of StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research report on Monday, November 24th. Susquehanna started coverage on shares of StandardAero in a research report on Wednesday, September 17th. They issued a “positive” rating and a $34.00 target price for the company. Finally, Zacks Research upgraded shares of StandardAero from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, StandardAero presently has a consensus rating of “Hold” and a consensus target price of $32.43.

StandardAero Profile

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.