Thornburg Investment Management Inc. Increases Position in StandardAero, Inc. $SARO

Thornburg Investment Management Inc. raised its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,502 shares of the company’s stock after buying an additional 20,713 shares during the period. Thornburg Investment Management Inc. owned about 0.07% of StandardAero worth $6,668,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SARO. Comerica Bank purchased a new stake in shares of StandardAero in the first quarter valued at approximately $26,000. Royal Bank of Canada boosted its holdings in shares of StandardAero by 418.8% in the first quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock valued at $3,682,000 after purchasing an additional 111,617 shares during the period. AQR Capital Management LLC purchased a new stake in shares of StandardAero in the first quarter valued at approximately $521,000. Goldman Sachs Group Inc. purchased a new stake in shares of StandardAero in the first quarter valued at approximately $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of StandardAero in the first quarter valued at approximately $12,343,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on SARO. Royal Bank Of Canada lowered their price target on StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a report on Friday, May 8th. Wells Fargo & Company began coverage on StandardAero in a report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price target for the company. Jefferies Financial Group lowered StandardAero from a “buy” rating to a “hold” rating and lowered their price target for the company from $34.00 to $30.00 in a report on Tuesday, June 2nd. Finally, Morgan Stanley lowered their price target on StandardAero from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.25.

StandardAero Stock Performance

Shares of NYSE:SARO opened at $26.91 on Monday. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 30.58 and a beta of 0.97. StandardAero, Inc. has a 52 week low of $23.83 and a 52 week high of $34.48. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $26.09 and a 200 day moving average of $28.04.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The company 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%. StandardAero’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, sell-side analysts predict that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Anthony Brancato sold 1,107 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $30,287.52. Following the completion of the transaction, the insider owned 2,991 shares of the company’s stock, valued at $81,833.76. The trade was a 27.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Russell Wayne Ford sold 10,638 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $291,055.68. Following the completion of the transaction, the chief executive officer directly owned 14,342 shares of the company’s stock, valued at $392,397.12. This trade represents a 42.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 19,337 shares of company stock valued at $529,060 over the last ninety days. Company insiders own 2.10% of the company’s stock.

StandardAero 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.