CenterBook Partners LP Invests $867,000 in StandardAero, Inc. $SARO

CenterBook Partners LP purchased a new position in StandardAero, Inc. (NYSE:SARO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 30,216 shares of the company’s stock, valued at approximately $867,000.

A number of other large investors also recently modified their holdings of SARO. Cerity Partners LLC increased its holdings in shares of StandardAero by 0.6% in the 2nd quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock worth $2,208,000 after acquiring an additional 416 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of StandardAero by 20.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,411 shares of the company’s stock worth $120,000 after acquiring an additional 751 shares during the period. Comerica Bank acquired a new stake in shares of StandardAero in the 1st quarter worth about $26,000. State of Wyoming acquired a new stake in shares of StandardAero in the 3rd quarter worth about $27,000. Finally, US Bancorp DE increased its holdings in shares of StandardAero by 46.4% in the 3rd quarter. US Bancorp DE now owns 4,506 shares of the company’s stock worth $123,000 after acquiring an additional 1,428 shares during the period.

Analysts Set New Price Targets

SARO has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price objective on shares of StandardAero from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Susquehanna dropped their price objective on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a report on Monday, May 11th. Wells Fargo & Company initiated coverage on shares of StandardAero in a report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective on the stock. BTIG Research initiated coverage on shares of StandardAero in a report on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and issued a $39.00 price objective 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

StandardAero Stock Performance

SARO stock opened at $24.86 on Thursday. The firm has a 50 day simple moving average of $26.07 and a 200 day simple moving average of $28.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.59 and a current ratio of 2.12. 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 $8.26 billion, a P/E ratio of 28.25 and a beta of 0.97.

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

Insider Transactions at StandardAero

In related news, insider Lewis Prebble sold 1,141 shares of StandardAero stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $27.36, for a total transaction of $31,217.76. Following the completion of the transaction, the insider directly owned 3,006 shares of the company’s stock, valued at $82,244.16. This trade represents a 27.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Daniel Satterfield sold 2,306 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $63,092.16. Following the sale, the chief financial officer directly owned 6,232 shares in the company, valued at $170,507.52. This represents a 27.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 19,337 shares of company stock worth $529,060. 1.90% of the stock is currently owned by company insiders.

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.