Oppenheimer Asset Management Inc. Purchases Shares of 23,331 StandardAero, Inc. $SARO

Oppenheimer Asset Management Inc. purchased a new stake in StandardAero, Inc. (NYSE:SARO) during the 2nd quarter, Holdings Channel reports. The firm purchased 23,331 shares of the company’s stock, valued at approximately $698,000.

A number of other hedge funds have also modified their holdings of SARO. Cerity Partners LLC raised its position in shares of StandardAero by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock worth $2,208,000 after purchasing an additional 416 shares during the last quarter. Royal Bank of Canada grew its holdings in StandardAero by 0.3% during the 1st quarter. Royal Bank of Canada now owns 161,325 shares of the company’s stock valued at $4,167,000 after buying an additional 448 shares during the last quarter. Comerica Bank purchased a new position in StandardAero during the first quarter worth $26,000. GAMMA Investing LLC increased its position in StandardAero by 54.6% during the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock worth $90,000 after buying an additional 1,060 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of StandardAero by 46.4% in the third quarter. US Bancorp DE now owns 4,506 shares of the company’s stock worth $123,000 after acquiring an additional 1,428 shares during the last quarter.

StandardAero Stock Performance

NYSE SARO opened at $27.38 on Tuesday. The business’s 50-day moving average price is $28.19 and its 200 day moving average price is $27.80. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. StandardAero, Inc. has a twelve month low of $23.83 and a twelve month high of $34.48. The company has a market capitalization of $9.06 billion, a PE ratio of 28.23 and a beta of 0.92.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, research analysts predict that StandardAero, Inc. will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SARO. Royal Bank Of Canada reduced their price objective on StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. Zacks Research lowered shares of StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Morgan Stanley set a $33.00 price target on shares of StandardAero in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.77.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the transaction, the chief executive officer owned 486,955 shares of the company’s stock, valued at $14,822,910.20. This trade represents a 7.59% decrease in their ownership of the stock. 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 worth $5,847,760 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.