Dynamic Technology Lab Private Ltd Takes $716,000 Position in StandardAero, Inc. $SARO

Key Points

• Dynamic Technology Lab Private Ltd purchased 26,874 shares of StandardAero, Inc. for approximately $716,000 in the first quarter.
• StandardAero reported $0.20 earnings per share for the recent quarter, which was slightly below the consensus estimate of $0.21, while also achieving a year-over-year revenue increase of 13.5%.
• Analysts have mixed ratings on StandardAero, with an average rating of Moderate Buy and a price target of $34.67, amid adjustments from various firms on their price objectives.

Dynamic Technology Lab Private Ltd bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,874 shares of the company's stock, valued at approximately $716,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in StandardAero in the 1st quarter worth $26,000. Corebridge Financial Inc. grew its position in StandardAero by 46.8% during the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after purchasing an additional 344 shares during the period. GAMMA Investing LLC grew its position in StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. KBC Group NV acquired a new stake in StandardAero during the 1st quarter worth about $52,000. Finally, BNP Paribas Financial Markets acquired a new stake in StandardAero during the 4th quarter worth about $79,000.

Wall Street Analysts Forecast Growth

SARO has been the topic of several analyst reports. Barclays initiated coverage on StandardAero in a research report on Friday. They set an "equal weight" rating and a $32.00 price target on the stock. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, CIBC cut their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.40.

StandardAero Price Performance

SARO traded up $0.05 during trading on Monday, reaching $27.21. The company's stock had a trading volume of 263,716 shares, compared to its average volume of 2,253,427. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $28.10 and a two-hundred day simple moving average of $28.07. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38. The company has a market cap of $9.10 billion and a price-to-earnings ratio of 66.32.

StandardAero (NYSE:SARO - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business earned $0.02 earnings per share. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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.