TD Asset Management Inc Buys 127,000 Shares of StandardAero, Inc. $SARO

TD Asset Management Inc grew its position in shares of StandardAero, Inc. (NYSE:SARO) by 24.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 649,066 shares of the company’s stock after purchasing an additional 127,000 shares during the quarter. TD Asset Management Inc owned about 0.19% of StandardAero worth $17,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC raised its stake in StandardAero by 0.6% during the second quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock worth $2,208,000 after buying an additional 416 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in StandardAero by 100.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock worth $32,000 after acquiring an additional 509 shares during the period. KBC Group NV raised its position in shares of StandardAero by 32.2% in the 2nd quarter. KBC Group NV now owns 2,605 shares of the company’s stock worth $82,000 after acquiring an additional 635 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of StandardAero by 20.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,411 shares of the company’s stock valued at $120,000 after purchasing an additional 751 shares during the period. Finally, Comerica Bank bought a new stake in shares of StandardAero during the 1st quarter valued at about $26,000.

Insiders Place Their Bets

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $30.12, for a total transaction of $1,204,800.00. Following the completion of the transaction, the chief executive officer owned 726,955 shares of the company’s stock, valued at approximately $21,895,884.60. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 160,000 shares of company stock worth $4,840,400.

StandardAero Stock Down 3.6%

SARO opened at $30.75 on Monday. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.48. The company’s 50-day moving average price is $30.87 and its two-hundred day moving average price is $28.34. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 37.04 and a beta of 1.02. The company has a quick ratio of 1.57, a current ratio of 2.20 and a debt-to-equity ratio of 0.82.

StandardAero (NYSE:SARO) last issued its earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, equities analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

StandardAero announced that its board has authorized a stock buyback plan on Wednesday, December 10th that authorizes the company to buyback $450.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have commented on SARO. Sanford C. Bernstein restated an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a report on Monday, December 22nd. Zacks Research cut StandardAero from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of StandardAero from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group boosted their price target on shares of StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, StandardAero currently has a consensus rating of “Hold” and an average price target of $34.67.

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.