Van ECK Associates Corp Makes New $2.71 Million Investment in StandardAero, Inc. $SARO

Van ECK Associates Corp bought a new stake in shares of StandardAero, Inc. (NYSE:SARO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 90,435 shares of the company’s stock, valued at approximately $2,705,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Comerica Bank purchased a new stake in shares of StandardAero during the 1st quarter worth $26,000. Optiver Holding B.V. bought a new position in StandardAero in the first quarter worth about $51,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of StandardAero during the second quarter valued at about $55,000. Danske Bank A S purchased a new stake in shares of StandardAero during the third quarter valued at about $82,000. Finally, Parallel Advisors LLC lifted its position in shares of StandardAero by 210.3% during the fourth quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock valued at $87,000 after buying an additional 2,067 shares during the last quarter.

StandardAero Stock Performance

Shares of StandardAero stock opened at $24.63 on Friday. The firm has a market capitalization of $8.15 billion, a P/E ratio of 25.39 and a beta of 0.85. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $27.73 and a 200 day moving average price of $27.30. StandardAero, Inc. has a 52 week low of $23.83 and a 52 week high of $34.48.

StandardAero (NYSE:SARO) last released its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm earned $0.20 EPS. StandardAero’s revenue was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Sell-side analysts expect that StandardAero, Inc. will post 1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of StandardAero from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. UBS Group raised their target price on shares of StandardAero from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Susquehanna cut their price target 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. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $39.00 price target on shares of StandardAero in a research report on Friday, May 8th. Finally, Jefferies Financial Group lowered StandardAero from a “buy” rating to a “hold” rating and decreased their price objective for the company from $34.00 to $30.00 in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, StandardAero currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.77.

Insider Activity

In related news, CEO Russell Ford sold 40,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 486,955 shares of the company’s stock, valued at $14,822,910.20. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 191,423 shares of company stock valued at $5,847,760. 2.10% of the stock is owned by corporate 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.