Alkeon Capital Management LLC Buys 200,000 Shares of StandardAero, Inc. $SARO

Key Points

• Alkeon Capital Management LLC increased its stake in StandardAero, Inc. by 12.3%, acquiring an additional 200,000 shares to reach a total of 1,820,000 shares valued at approximately $48.5 million.
• StandardAero reported quarterly earnings showing $1.53 billion in revenue with a net margin of 2.37%, although it missed the earnings per share estimate by $0.01.
• Wall Street analysts have a consensus rating of "Moderate Buy" for StandardAero with an average price target of $34.67.

Alkeon Capital Management LLC increased its position in StandardAero, Inc. (NYSE:SARO - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,820,000 shares of the company's stock after acquiring an additional 200,000 shares during the quarter. Alkeon Capital Management LLC owned about 0.54% of StandardAero worth $48,485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SARO. MetLife Investment Management LLC purchased a new position in StandardAero during the fourth quarter valued at approximately $54,000. Northern Trust Corp purchased a new position in StandardAero during the fourth quarter valued at approximately $6,612,000. Jane Street Group LLC purchased a new position in StandardAero during the fourth quarter valued at approximately $2,411,000. Alyeska Investment Group L.P. purchased a new position in StandardAero during the fourth quarter valued at approximately $9,904,000. Finally, BNP Paribas Financial Markets purchased a new position in StandardAero during the fourth quarter valued at approximately $79,000.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SARO. Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group lifted their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, CIBC cut their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.67.

StandardAero Price Performance

SARO traded down $0.91 during trading hours on Friday, hitting $26.57. The company's stock had a trading volume of 2,120,777 shares, compared to its average volume of 1,698,734. The stock has a market cap of $8.89 billion and a price-to-earnings ratio of 48.21. The business's 50-day moving average price is $28.61 and its 200-day moving average price is $28.05. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Sell-side analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

StandardAero 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.