Natixis Makes New Investment in StandardAero, Inc. $SARO

Natixis purchased a new stake in shares of StandardAero, Inc. (NYSE:SARO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 95,538 shares of the company’s stock, valued at approximately $3,024,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Comerica Bank bought a new position in StandardAero during the first quarter valued at about $26,000. Corebridge Financial Inc. raised its position in StandardAero by 46.8% in the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in StandardAero by 100.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock valued at $32,000 after acquiring an additional 509 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of StandardAero by 798.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock valued at $44,000 after purchasing an additional 1,229 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of StandardAero by 32.2% during the 2nd quarter. KBC Group NV now owns 2,605 shares of the company’s stock valued at $82,000 after purchasing an additional 635 shares in the last quarter.

Insider Buying and Selling at StandardAero

In other news, insider Alex Trapp sold 73,718 shares of StandardAero stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the transaction, the insider owned 16,908 shares in the company, valued at approximately $474,438.48. The trade was a 81.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 90,626 shares of company stock worth $2,554,051 in the last quarter. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

SARO has been the topic of a number of research reports. Susquehanna initiated coverage on shares of StandardAero in a report on Wednesday, September 17th. They issued a “positive” rating and a $34.00 target price on the stock. Truist Financial initiated coverage on shares of StandardAero in a research report on Friday, October 10th. They issued a “buy” rating and a $35.00 price target on the stock. Weiss Ratings raised StandardAero from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research report on Monday, November 24th. Finally, Barclays initiated coverage on StandardAero in a research note on Friday, September 12th. They set an “equal weight” rating and a $32.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, StandardAero currently has a consensus rating of “Hold” and a consensus target price of $32.43.

StandardAero Stock Up 2.1%

SARO stock opened at $27.42 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.18 and a quick ratio of 1.48. The firm has a market capitalization of $9.17 billion, a P/E ratio of 49.85 and a beta of 1.16. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $31.97. The company’s 50 day simple moving average is $26.87 and its 200-day simple moving average is $28.01.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.20 earnings per share 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 firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 10th that allows the company to repurchase $450.00 million in shares. This repurchase authorization allows the company to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

StandardAero Company 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.