Boothbay Fund Management LLC Boosts Stake in StandardAero, Inc. $SARO

Key Points

• Boothbay Fund Management LLC significantly increased its stake in StandardAero, acquiring 208,898 shares in the 1st quarter, resulting in a total ownership of 241,050 shares valued at approximately $6.42 million.
• Analysts have mixed ratings for StandardAero, with the stock currently holding a consensus rating of "Moderate Buy" and a price target of $34.67, while the share price opened at $27.47.
• StandardAero reported a revenue increase of 13.5% year-over-year and earnings per share of $0.20 for the most recent quarter, which fell short of analysts' expectations.

Boothbay Fund Management LLC increased its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 649.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 241,050 shares of the company's stock after purchasing an additional 208,898 shares during the quarter. Boothbay Fund Management LLC owned 0.07% of StandardAero worth $6,422,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Comerica Bank acquired a new position in StandardAero in the 1st quarter worth about $26,000. Corebridge Financial Inc. increased its stake 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 buying an additional 344 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 825 shares in the last quarter. KBC Group NV purchased a new stake in StandardAero during the 1st quarter worth approximately $52,000. Finally, MetLife Investment Management LLC purchased a new stake in StandardAero during the 4th quarter worth approximately $54,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SARO shares. UBS Group upped their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. CIBC dropped their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One equities 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Stock Up 0.5%

NYSE:SARO traded up $0.14 during midday trading on Wednesday, reaching $26.78. The company had a trading volume of 215,598 shares, compared to its average volume of 2,270,518. The firm has a market capitalization of $8.96 billion and a price-to-earnings ratio of 65.29. The stock's fifty day simple moving average is $28.33 and its 200-day simple moving average is $28.06. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month high of $34.38. 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 (NYSE:SARO - Get Free Report) last released 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 company had revenue of $1.53 billion during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share 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.