Pamalican Asset Management Ltd Invests $3.40 Million in StandardAero, Inc. (NYSE:SARO)

Key Points

• Pamalican Asset Management Ltd acquired 127,690 shares of StandardAero, valued at approximately $3.4 million, making it the company's 4th largest position in its investment portfolio.
• StandardAero reported an earnings per share (EPS) of $0.19 for the last quarter, exceeding analysts' expectations, despite revenue falling short at $1.44 billion.
• Several research firms have recently adjusted their ratings and target prices for StandardAero, with UBS raising its target price from $25 to $30 while maintaining a "neutral" rating.

Pamalican Asset Management Ltd acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 127,690 shares of the company's stock, valued at approximately $3,402,000. StandardAero comprises 4.5% of Pamalican Asset Management Ltd's investment portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Carlyle Group Inc. bought a new position in shares of StandardAero during the 4th quarter worth about $165,294,000. T. Rowe Price Investment Management Inc. bought a new position in shares of StandardAero during the 4th quarter worth about $161,324,000. Price T Rowe Associates Inc. MD bought a new position in shares of StandardAero during the 4th quarter worth about $155,829,000. Vanguard Group Inc. bought a new position in shares of StandardAero during the 4th quarter worth about $147,628,000. Finally, Janus Henderson Group PLC bought a new position in shares of StandardAero during the 4th quarter worth about $145,849,000.

Insider Activity

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $27.30, for a total transaction of $150,828,732.60. Following the transaction, the insider directly owned 35,292,362 shares in the company, valued at approximately $963,481,482.60. This represents a 13.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. CIBC dropped their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group upped their target price on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.67.

StandardAero Trading Up 2.0%

StandardAero stock traded up $0.55 during trading hours on Monday, hitting $28.41. 2,252,069 shares of the stock were exchanged, compared to its average volume of 1,769,929. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The business's 50-day moving average is $29.85 and its two-hundred day moving average is $27.94.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, sell-side analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current year.

StandardAero Company Profile

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.