Caisse DE Depot ET Placement DU Quebec Invests $4.66 Million in StandardAero, Inc. $SARO

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired a new stake in StandardAero, Inc., purchasing 175,000 shares valued at approximately $4.66 million.
• StandardAero's stock has shown significant activity in the first quarter, with Carlyle Group Inc. increasing its stake by 1,912.5%, now owning over 134 million shares worth about $3.58 billion.
• In its most recent earnings report, StandardAero reported $1.53 billion in revenue but missed earnings per share expectations, posting $0.20 compared to analyst estimates of $0.21.

Caisse DE Depot ET Placement DU Quebec bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 175,000 shares of the company's stock, valued at approximately $4,662,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of StandardAero as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Comerica Bank acquired a new stake in StandardAero in the first quarter worth approximately $26,000. Corebridge Financial Inc. raised its stake in shares of StandardAero by 46.8% in 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 lifted its holdings in shares of StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the period. KBC Group NV acquired a new stake in shares of StandardAero in the first quarter valued at $52,000. Finally, MetLife Investment Management LLC bought a new position in StandardAero during the fourth quarter valued at about $54,000.

StandardAero Trading Down 1.8%

NYSE SARO traded down $0.49 on Friday, hitting $26.47. 884,503 shares of the stock were exchanged, compared to its average volume of 1,724,240. The company's 50-day moving average price is $28.88 and its two-hundred day moving average price is $28.07. 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 52-week low of $21.31 and a 52-week high of $34.38. The company has a market capitalization of $8.85 billion and a price-to-earnings ratio of 64.56.

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). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company earned $0.02 EPS. StandardAero's revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Research analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SARO. CIBC dropped their price target 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. UBS Group raised their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, StandardAero has an average rating of "Moderate Buy" and a consensus target price of $34.67.

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.