Alyeska Investment Group L.P. Has $22.18 Million Holdings in StandardAero, Inc. $SARO

Key Points

• Alyeska Investment Group L.P. increased its holdings in StandardAero by 108.1%, owning 832,500 shares worth $22.2 million as of its recent SEC filing.
• StandardAero reported a 12-month high of $34.38 for its stock, with a current market cap of $9.19 billion, despite missing EPS estimates in its last quarterly earnings.
• Analysts have varied ratings on StandardAero, with a consensus target price of $34.67, indicating a moderate buy sentiment overall.

Alyeska Investment Group L.P. increased its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 108.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 832,500 shares of the company's stock after buying an additional 432,500 shares during the period. Alyeska Investment Group L.P. owned about 0.25% of StandardAero worth $22,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SARO. MetLife Investment Management LLC purchased a new stake in StandardAero during the 4th quarter worth $54,000. Northern Trust Corp purchased a new stake in StandardAero during the 4th quarter worth $6,612,000. Jane Street Group LLC purchased a new stake in StandardAero during the 4th quarter worth $2,411,000. BNP Paribas Financial Markets bought a new stake in shares of StandardAero in the 4th quarter worth about $79,000. Finally, Bank of America Corp DE bought a new stake in shares of StandardAero in the 4th quarter worth about $1,120,000.

Wall Street Analysts Forecast Growth

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

StandardAero Stock Performance

Shares of NYSE:SARO traded up $0.08 during trading on Wednesday, reaching $26.72. 161,126 shares of the company's stock traded hands, compared to its average volume of 2,270,216. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The company has a 50 day moving average of $28.33 and a 200-day moving average of $28.06. The stock has a market capitalization of $8.94 billion and a P/E ratio of 65.14.

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

About StandardAero

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.