Sanctuary Advisors LLC acquired a new position in shares of StandardAero, Inc. (NYSE:SARO – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,007 shares of the company’s stock, valued at approximately $718,000.
Several other institutional investors have also recently added to or reduced their stakes in SARO. Carlyle Group Inc. acquired a new position in StandardAero during the second quarter worth $2,529,998,000. BlackRock Inc. acquired a new stake in shares of StandardAero in the second quarter valued at $646,128,000. Allspring Global Investments Holdings LLC grew its stake in shares of StandardAero by 42.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after buying an additional 4,523,693 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of StandardAero by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock valued at $401,525,000 after buying an additional 3,540,167 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of StandardAero by 7.3% in the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock valued at $311,002,000 after buying an additional 816,276 shares during the period.
Insider Buying and Selling at StandardAero
In related news, CEO Russell Wayne Ford sold 20,413 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.56, for a total value of $623,821.28. Following the sale, the chief executive officer owned 295,573 shares of the company’s stock, valued at $9,032,710.88. This trade represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 191,423 shares of company stock worth $5,847,760 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on StandardAero
StandardAero Trading Down 0.1%
NYSE:SARO opened at $25.05 on Friday. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48. The firm has a market cap of $8.29 billion, a PE ratio of 25.83 and a beta of 0.92. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average price of $27.96 and a 200 day moving average price of $27.49.
StandardAero (NYSE:SARO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) 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%.StandardAero’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Sell-side analysts anticipate that StandardAero, Inc. will post 1.51 earnings per share for the current fiscal year.
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.
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