Alkeon Capital Management LLC Purchases 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 stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,820,000 shares of the company's stock after purchasing an additional 200,000 shares during the period. Alkeon Capital Management LLC owned approximately 0.54% of StandardAero worth $48,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SARO. MetLife Investment Management LLC purchased a new position in StandardAero during the 4th quarter worth $54,000. Northern Trust Corp purchased a new position in shares of StandardAero in the fourth quarter worth about $6,612,000. Jane Street Group LLC acquired a new position in StandardAero in the fourth quarter valued at approximately $2,411,000. Alyeska Investment Group L.P. acquired a new position in shares of StandardAero in the fourth quarter valued at approximately $9,904,000. Finally, BNP Paribas Financial Markets purchased a new position in StandardAero in the fourth quarter valued at $79,000.

Wall Street Analyst Weigh In

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

StandardAero Price Performance

NYSE:SARO traded down $0.91 during trading hours on Friday, reaching $26.57. 2,120,777 shares of the company's stock were exchanged, compared to its average volume of 1,698,734. 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 company has a market capitalization of $8.89 billion and a P/E ratio of 64.80. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The business's 50-day simple moving average is $28.50 and its two-hundred day simple moving average is $28.06.

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