Trinity Street Asset Management LLP Buys Shares of 994,658 StandardAero, Inc. $SARO

Trinity Street Asset Management LLP purchased a new position in shares of StandardAero, Inc. (NYSE:SARO) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 994,658 shares of the company’s stock, valued at approximately $25,692,000. StandardAero comprises about 1.8% of Trinity Street Asset Management LLP’s portfolio, making the stock its 14th biggest position.

Several other hedge funds also recently made changes to their positions in the business. Capricorn Fund Managers Ltd acquired a new stake in shares of StandardAero in the first quarter valued at approximately $3,377,000. Peregrine Capital Management LLC acquired a new position in StandardAero during the first quarter worth $5,370,000. Pictet Asset Management Holding SA grew its position in StandardAero by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 30,940 shares of the company’s stock valued at $799,000 after purchasing an additional 6,018 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in StandardAero in the first quarter valued at $1,421,000. Finally, Kirr Marbach & Co. LLC IN acquired a new stake in StandardAero in the 1st quarter valued at $5,050,000.

Insider Buying and Selling at StandardAero

In other news, COO Kimberly Ernzen sold 2,516 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $68,837.76. Following the completion of the sale, the chief operating officer directly owned 6,632 shares of the company’s stock, valued at $181,451.52. This trade represents a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Russell Wayne Ford sold 10,638 shares of StandardAero stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $291,055.68. Following the transaction, the chief executive officer owned 14,342 shares of the company’s stock, valued at $392,397.12. This represents a 42.59% 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. Insiders have sold a total of 19,337 shares of company stock valued at $529,060 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SARO. Weiss Ratings raised shares of StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Susquehanna lowered their target price on StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research report on Monday, May 11th. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Wells Fargo & Company started coverage on StandardAero in a research report on Wednesday, April 1st. They set an “overweight” rating and a $32.00 price target for the company. Finally, BTIG Research initiated coverage on StandardAero in a research note on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.25.

StandardAero Stock Performance

NYSE SARO opened at $29.88 on Wednesday. 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 firm’s fifty day moving average price is $26.32 and its two-hundred day moving average price is $28.18. StandardAero, Inc. has a 1 year low of $23.83 and a 1 year high of $34.48. The firm has a market capitalization of $9.94 billion, a P/E ratio of 33.96 and a beta of 0.97.

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

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.