Fifth Third Bancorp Has $1.15 Million Holdings in StandardAero, Inc. $SARO

Fifth Third Bancorp lifted its position in StandardAero, Inc. (NYSE:SARO) by 19,400.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 44,656 shares of the company’s stock after acquiring an additional 44,427 shares during the period. Fifth Third Bancorp’s holdings in StandardAero were worth $1,153,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank acquired a new position in shares of StandardAero during the 1st quarter worth about $26,000. Danske Bank A S bought a new position in shares of StandardAero during the 3rd quarter worth approximately $82,000. Parallel Advisors LLC boosted its stake in shares of StandardAero by 210.3% during the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock worth $87,000 after acquiring an additional 2,067 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of StandardAero during the 4th quarter worth approximately $105,000. Finally, Brooklands Fund Management Ltd bought a new stake in StandardAero in the 4th quarter valued at $133,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on SARO shares. Zacks Research downgraded StandardAero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Morgan Stanley set a $31.00 price objective on shares of StandardAero in a research report on Wednesday, July 15th. Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and cut their target price for the stock from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $39.00 target price on shares of StandardAero in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.00.

StandardAero Trading Up 1.7%

Shares of StandardAero stock opened at $28.73 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 2.12. The firm has a 50-day moving average of $27.34 and a 200-day moving average of $28.15. StandardAero, Inc. has a 52-week low of $23.83 and a 52-week high of $34.48. The stock has a market cap of $9.55 billion, a PE ratio of 32.65 and a beta of 0.91.

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

Insider Buying and Selling at StandardAero

In related news, CEO Russell Wayne Ford sold 40,000 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 486,955 shares in the company, valued at approximately $14,822,910.20. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

About StandardAero

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.