Handelsbanken Fonder AB Has $2.29 Million Stake in StandardAero, Inc. $SARO

Handelsbanken Fonder AB lifted its stake in StandardAero, Inc. (NYSE:SARO) by 32.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,700 shares of the company’s stock after buying an additional 18,600 shares during the period. Handelsbanken Fonder AB’s holdings in StandardAero were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SARO. Comerica Bank acquired a new position in StandardAero in the 1st quarter valued at $26,000. Optiver Holding B.V. acquired a new stake in shares of StandardAero during the 1st quarter worth $51,000. Danske Bank A S bought a new position in shares of StandardAero in the third quarter worth $82,000. GAMMA Investing LLC raised its stake in StandardAero by 54.6% in the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock valued at $90,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in StandardAero by 210.3% during the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after purchasing an additional 2,067 shares during the period.

Analysts Set New Price Targets

SARO has been the topic of a number of analyst reports. Truist Financial upgraded shares of StandardAero to a “strong-buy” rating in a research note on Friday, May 1st. Zacks Research cut shares of StandardAero from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. UBS Group upped their price target on shares of StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada reduced their price target on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, StandardAero presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.77.

Insider Activity at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the sale, the chief executive officer directly owned 486,955 shares in the company, valued at approximately $14,822,910.20. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 191,423 shares of company stock valued at $5,847,760 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

StandardAero Stock Performance

StandardAero stock opened at $27.92 on Monday. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $28.13 and its two-hundred day moving average price is $27.84. The stock has a market cap of $9.24 billion, a PE ratio of 28.78 and a beta of 0.92.

StandardAero Company 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.