Deutsche Bank AG acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO – Free Report) during the 2nd quarter, Holdings Channel reports. The firm acquired 106,941 shares of the company’s stock, valued at approximately $3,199,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cerity Partners LLC grew its stake in shares of StandardAero by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock valued at $2,208,000 after buying an additional 416 shares during the period. Royal Bank of Canada raised its stake in StandardAero by 0.3% during the 1st quarter. Royal Bank of Canada now owns 161,325 shares of the company’s stock worth $4,167,000 after buying an additional 448 shares during the period. Comerica Bank bought a new position in StandardAero in the first quarter worth approximately $26,000. GAMMA Investing LLC boosted its holdings in StandardAero by 54.6% in the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock worth $90,000 after acquiring an additional 1,060 shares in the last quarter. Finally, US Bancorp DE grew its stake in StandardAero by 46.4% in the third quarter. US Bancorp DE now owns 4,506 shares of the company’s stock valued at $123,000 after acquiring an additional 1,428 shares during the period.
Insider Transactions at StandardAero
In other news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $30.44, for a total value of $1,217,600.00. Following the completion of the sale, the chief executive officer owned 486,955 shares in the company, valued at $14,822,910.20. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 191,423 shares of company stock worth $5,847,760. 2.10% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on StandardAero
StandardAero Stock Performance
Shares of SARO opened at $25.19 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. The stock has a 50 day moving average price of $28.07 and a two-hundred day moving average price of $27.54. The firm has a market capitalization of $8.34 billion, a P/E ratio of 25.97 and a beta of 0.92. StandardAero, Inc. has a 52 week low of $23.83 and a 52 week high of $34.48.
StandardAero (NYSE:SARO – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Equities analysts forecast that StandardAero, Inc. will post 1.51 earnings per share for the current fiscal year.
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.
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