The Manufacturers Life Insurance Company Acquires New Shares in StandardAero, Inc. $SARO

The Manufacturers Life Insurance Company bought a new stake in StandardAero, Inc. (NYSE:SARO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 380,330 shares of the company’s stock, valued at approximately $11,376,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carlyle Group Inc. acquired a new position in shares of StandardAero during the 2nd quarter worth about $2,529,998,000. BlackRock Inc. acquired a new stake in shares of StandardAero in the 2nd quarter valued at approximately $646,128,000. Allspring Global Investments Holdings LLC raised its position in shares of StandardAero by 42.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after acquiring an additional 4,523,693 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in StandardAero by 33.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock worth $401,525,000 after acquiring an additional 3,540,167 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in StandardAero by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after acquiring an additional 816,276 shares during the last quarter.

StandardAero Trading Down 0.1%

SARO opened at $25.05 on Friday. The stock has a market capitalization of $8.29 billion, a P/E 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. StandardAero, Inc. has a 12 month low of $23.83 and a 12 month high of $34.48. The firm’s fifty day simple moving average is $27.96 and its 200 day simple moving average is $27.49.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate 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 business posted $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, research analysts anticipate that StandardAero, Inc. will post 1.51 EPS for the current fiscal year.

Insider Activity

In related news, CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $30.44, for a total value of $1,217,600.00. Following the sale, the chief executive officer owned 486,955 shares of the company’s stock, valued at approximately $14,822,910.20. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 191,423 shares of company stock worth $5,847,760 in the last ninety days. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley set a $33.00 target price on shares of StandardAero in a research note on Monday, August 10th. UBS Group boosted their price target on shares of StandardAero from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, August 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $39.00 price objective on shares of StandardAero in a research report on Friday, May 8th. Susquehanna dropped their price objective on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their target price on StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.77.

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.