Bessemer Group Inc. Has $89.01 Million Stake in StandardAero, Inc. $SARO

Bessemer Group Inc. raised its position in StandardAero, Inc. (NYSE:SARO) by 447,114.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,103,667 shares of the company’s stock after purchasing an additional 3,102,973 shares during the quarter. Bessemer Group Inc. owned 0.93% of StandardAero worth $89,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank acquired a new stake in shares of StandardAero in the 1st quarter valued at about $26,000. State of Wyoming acquired a new stake in shares of StandardAero in the 3rd quarter valued at about $27,000. First Horizon Corp acquired a new stake in shares of StandardAero in the 3rd quarter valued at about $34,000. Aventura Private Wealth LLC acquired a new stake in shares of StandardAero in the 4th quarter valued at about $45,000. Finally, Danske Bank A S acquired a new stake in shares of StandardAero in the 3rd quarter valued at about $82,000.

Insider Buying and Selling at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $30.09, for a total transaction of $1,203,600.00. Following the completion of the transaction, the chief executive officer owned 606,955 shares in the company, valued at approximately $18,263,275.95. This trade represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kimberly Ernzen sold 2,516 shares of StandardAero stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $68,837.76. Following the transaction, the chief operating officer owned 6,632 shares of the company’s stock, valued at $181,451.52. The trade was a 27.50% 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. Insiders have sold a total of 59,337 shares of company stock valued at $1,732,660 in the last three months. Corporate insiders own 1.90% of the company’s stock.

StandardAero Price Performance

Shares of NYSE SARO opened at $25.24 on Friday. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 28.69 and a beta of 0.81. The business has a 50-day moving average of $26.31 and a 200-day moving average of $28.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.12 and a quick ratio of 1.57. StandardAero, Inc. has a fifty-two week low of $23.83 and a fifty-two week high of $34.48.

StandardAero (NYSE:SARO) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.49 billion. StandardAero had a return on equity of 12.36% and a net margin of 4.71%.StandardAero’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. As a group, sell-side analysts predict that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SARO shares. Susquehanna dropped their price target on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a report on Tuesday, February 24th. Truist Financial upgraded StandardAero to a “strong-buy” rating in a report on Friday, May 1st. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a report on Friday, May 8th. Finally, Wells Fargo & Company initiated coverage on StandardAero in a report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.64.

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.