XTX Topco Ltd Has $971,000 Position in StandardAero, Inc. $SARO

XTX Topco Ltd trimmed its position in StandardAero, Inc. (NYSE:SARO) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,665 shares of the company’s stock after selling 2,674 shares during the period. XTX Topco Ltd’s holdings in StandardAero were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Carlyle Group Inc. raised 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 purchasing an additional 18,321,061 shares during the period. Vanguard Group Inc. raised its stake in StandardAero by 53.2% during the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock worth $243,324,000 after buying an additional 3,171,404 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in StandardAero by 311.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,548,613 shares of the company’s stock worth $261,759,000 after acquiring an additional 6,471,813 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in StandardAero by 29.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company’s stock valued at $224,261,000 after acquiring an additional 1,902,687 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of StandardAero by 9.1% in the first quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company’s stock worth $215,965,000 after acquiring an additional 678,520 shares in the last quarter.

StandardAero Price Performance

Shares of NYSE SARO opened at $26.12 on Monday. 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 business has a 50-day moving average of $26.96 and a 200-day moving average of $28.16. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 47.49 and a beta of 1.16. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.97.

StandardAero (NYSE:SARO) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. StandardAero had a return on equity of 9.63% and a net margin of 3.15%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts predict that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SARO shares. Susquehanna initiated coverage on StandardAero in a research report on Wednesday, September 17th. They issued a “positive” rating and a $34.00 price objective for the company. 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. Truist Financial assumed coverage on shares of StandardAero in a research note on Friday, October 10th. They issued a “buy” rating and a $35.00 target price for the company. Barclays assumed coverage on StandardAero in a report on Friday, September 12th. They set an “equal weight” rating and a $32.00 target price for the company. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.43.

Insiders Place Their Bets

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the sale, the insider directly owned 16,908 shares of the company’s stock, valued at approximately $474,438.48. This represents a 81.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 90,626 shares of company stock worth $2,554,051 in the last 90 days. 1.90% of the stock is currently owned by insiders.

About StandardAero

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.