Bank of New York Mellon Corp Acquires 604,987 Shares of StandardAero, Inc. $SARO

Bank of New York Mellon Corp lifted its holdings in shares of StandardAero, Inc. (NYSE:SARO) by 118.8% in the 1st quarter, HoldingsChannel reports. The fund owned 1,114,263 shares of the company’s stock after purchasing an additional 604,987 shares during the period. Bank of New York Mellon Corp’s holdings in StandardAero were worth $28,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Comerica Bank purchased a new position in shares of StandardAero during the 1st quarter valued at $26,000. Royal Bank of Canada boosted its holdings in StandardAero by 418.8% in the 1st quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock worth $3,682,000 after buying an additional 111,617 shares during the period. AQR Capital Management LLC purchased a new position in StandardAero in the 1st quarter valued at approximately $521,000. Goldman Sachs Group Inc. bought a new stake in StandardAero during the 1st quarter valued at $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of StandardAero during the first quarter worth $12,343,000.

StandardAero Stock Performance

Shares of NYSE:SARO opened at $29.59 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $27.42 and a 200-day moving average price of $28.13. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 33.63 and a beta of 0.91. StandardAero, Inc. has a 12 month low of $23.83 and a 12 month high of $34.48.

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

Analyst Ratings Changes

Several equities analysts recently commented on SARO shares. Royal Bank Of Canada reduced their price objective on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Susquehanna lowered their price objective on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company initiated coverage on StandardAero in a research note on Wednesday, April 1st. They set an “overweight” rating and a $32.00 price objective for the company. Jefferies Financial Group cut StandardAero from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, StandardAero currently has an average rating of “Moderate Buy” and an average target price of $34.00.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 486,955 shares in the company, valued at approximately $14,822,910.20. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by insiders.

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.