Geode Capital Management LLC Grows Stock Position in StandardAero, Inc. $SARO

Geode Capital Management LLC raised its holdings in StandardAero, Inc. (NYSE:SARO) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,386,319 shares of the company’s stock after buying an additional 25,143 shares during the quarter. Geode Capital Management LLC owned about 0.71% of StandardAero worth $68,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank purchased a new stake in StandardAero in the first quarter valued at about $26,000. State of Wyoming purchased a new stake in StandardAero in the third quarter valued at about $27,000. Aventura Private Wealth LLC purchased a new stake in StandardAero in the fourth quarter valued at about $45,000. Danske Bank A S purchased a new stake in StandardAero in the third quarter valued at about $82,000. Finally, PNC Financial Services Group Inc. raised its stake in StandardAero by 20.5% in the third quarter. PNC Financial Services Group Inc. now owns 4,411 shares of the company’s stock valued at $120,000 after buying an additional 751 shares during the last quarter.

Insiders Place Their Bets

In other news, insider Anthony Brancato sold 1,107 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $30,287.52. Following the sale, the insider owned 2,991 shares in the company, valued at $81,833.76. This represents a 27.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Lewis Prebble sold 1,141 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $31,217.76. Following the completion of the sale, the insider owned 3,006 shares in the company, valued at $82,244.16. The trade was a 27.51% 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. In the last ninety days, insiders sold 19,337 shares of company stock valued at $529,060.

StandardAero Stock Down 3.3%

Shares of SARO stock opened at $24.76 on Tuesday. The stock’s 50-day simple moving average is $26.07 and its 200-day simple moving average is $28.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 2.12. The firm has a market capitalization of $8.23 billion, a PE ratio of 28.13 and a beta of 0.97. StandardAero, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $34.48.

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

Wall Street Analyst Weigh In

A number of research firms have commented on SARO. Wells Fargo & Company began coverage on StandardAero in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price target for the company. Weiss Ratings cut StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a research note on Friday, May 8th. Truist Financial raised StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Finally, Zacks Research lowered StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.25.

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.