Boothbay Fund Management LLC Acquires 208,898 Shares of 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 raised its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 649.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 241,050 shares of the company's stock after acquiring an additional 208,898 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.07% of StandardAero worth $6,422,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. MetLife Investment Management LLC purchased a new position in shares of StandardAero during the fourth quarter valued at approximately $54,000. Northern Trust Corp purchased a new stake in StandardAero during the 4th quarter valued at $6,612,000. Jane Street Group LLC purchased a new stake in StandardAero during the 4th quarter valued at $2,411,000. BNP Paribas Financial Markets bought a new stake in shares of StandardAero during the 4th quarter valued at $79,000. Finally, Bank of America Corp DE bought a new stake in shares of StandardAero during the 4th quarter valued at $1,120,000.

Analyst Ratings Changes

Several brokerages recently 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. CIBC decreased their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. Finally, UBS Group increased their price objective 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. One investment 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.67.

StandardAero Price Performance

Shares of SARO opened at $27.47 on Friday. The company has a 50 day moving average of $28.61 and a two-hundred day moving average of $28.05. The company has a market cap of $9.19 billion and a price-to-earnings ratio of 66.99. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly 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). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the business posted $0.02 EPS. The company's quarterly revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. As a group, analysts predict 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.

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