Burling Wealth Partners LLC Invests $658,000 in StandardAero, Inc. $SARO

Burling Wealth Partners LLC purchased a new stake in shares of StandardAero, Inc. (NYSE:SAROFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,948 shares of the company’s stock, valued at approximately $658,000.

Other institutional investors have also recently made changes to their positions in the company. Comerica Bank purchased a new position in shares of StandardAero during the first quarter valued at $26,000. State of Wyoming purchased a new position in shares of StandardAero during the third quarter valued at $27,000. Aventura Private Wealth LLC purchased a new position in shares of StandardAero during the fourth quarter valued at $45,000. Danske Bank A S purchased a new position in shares of StandardAero during the third quarter valued at $82,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of StandardAero by 836.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,345 shares of the company’s stock valued at $138,000 after buying an additional 3,881 shares during the period.

Insider Buying and Selling at StandardAero

In other news, insider Anthony Brancato sold 1,107 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $30,287.52. Following the sale, the insider owned 2,991 shares in the company, valued at approximately $81,833.76. The trade was a 27.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $291,055.68. Following the sale, the chief executive officer owned 14,342 shares in the company, valued at $392,397.12. The trade was a 42.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 59,337 shares of company stock valued at $1,732,660. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SARO shares. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday. Royal Bank Of Canada cut their price target on StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company initiated coverage on StandardAero in a research note on Wednesday, April 1st. They set an “overweight” rating and a $32.00 price target on the stock. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. Finally, Morgan Stanley cut their target price on StandardAero from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.64.

Check Out Our Latest Report on StandardAero

StandardAero Price Performance

SARO opened at $26.42 on Thursday. The business’s 50-day moving average is $26.12 and its two-hundred day moving average is $28.03. StandardAero, Inc. has a 1 year low of $23.83 and a 1 year high of $34.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.59. The firm has a market capitalization of $8.78 billion, a PE ratio of 30.02 and a beta of 0.81.

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

StandardAero Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for StandardAero (NYSE:SARO)

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