CI Investments Inc. Boosts Stock Holdings in StandardAero, Inc. $SARO

CI Investments Inc. lifted its position in StandardAero, Inc. (NYSE:SARO) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,425 shares of the company’s stock after acquiring an additional 19,841 shares during the quarter. CI Investments Inc.’s holdings in StandardAero were worth $2,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SARO. Vanguard Group Inc. raised its position in shares of StandardAero by 0.9% in the third quarter. Vanguard Group Inc. now owns 11,210,370 shares of the company’s stock worth $305,931,000 after acquiring an additional 95,801 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of StandardAero by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,073,068 shares of the company’s stock valued at $249,056,000 after purchasing an additional 524,455 shares in the last quarter. Norges Bank acquired a new position in StandardAero in the 2nd quarter worth about $203,038,000. State Street Corp boosted its position in StandardAero by 90.7% during the second quarter. State Street Corp now owns 6,047,097 shares of the company’s stock worth $191,391,000 after purchasing an additional 2,875,579 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in StandardAero by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,804,038 shares of the company’s stock valued at $120,398,000 after purchasing an additional 52,146 shares during the period.

Insider Activity

In related news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $30.12, for a total value of $1,204,800.00. Following the completion of the sale, the chief executive officer owned 726,955 shares of the company’s stock, valued at approximately $21,895,884.60. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders sold 160,000 shares of company stock valued at $4,840,400. 1.90% of the stock is owned by company insiders.

StandardAero Stock Up 1.4%

SARO stock opened at $30.15 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average of $30.91 and a two-hundred day moving average of $28.40. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.48. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 36.33 and a beta of 1.02.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the business earned ($0.04) earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

StandardAero announced that its board has authorized a stock repurchase plan on Wednesday, December 10th that permits the company to repurchase $450.00 million in shares. This repurchase authorization permits the company to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SARO shares. Zacks Research raised StandardAero from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Sanford C. Bernstein restated an “outperform” rating and set a $39.00 price objective on shares of StandardAero in a research report on Tuesday, February 24th. Susquehanna set a $38.00 target price on shares of StandardAero in a research report on Thursday, January 15th. UBS Group boosted their target price on shares of StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, February 26th. Finally, Bank of America decreased their price target on shares of StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.67.

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.