StandardAero, Inc. (NYSE:SARO) Stock Position Raised by Carlyle Group Inc.

Key Points

• Carlyle Group Inc. significantly increased its stake in StandardAero, Inc. by 1,912.5% in the first quarter, now holding approximately 40.17% of the company, valued at over $3.5 billion.
• Several institutional investors, including Deutsche Bank and Vanguard Group, also expanded their positions in StandardAero, reflecting increased interest in the company.
• StandardAero reported $0.19 earnings per share for the last quarter, exceeding analysts' estimates, although its revenue was below expectations at $1.44 billion.

Carlyle Group Inc. increased its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 1,912.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,352,830 shares of the company's stock after purchasing an additional 127,676,968 shares during the period. StandardAero accounts for about 94.1% of Carlyle Group Inc.'s holdings, making the stock its biggest holding. Carlyle Group Inc. owned approximately 40.17% of StandardAero worth $3,579,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in shares of StandardAero during the first quarter valued at about $14,732,000. Charles Schwab Investment Management Inc. increased its position in shares of StandardAero by 69.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 543,821 shares of the company's stock valued at $14,487,000 after acquiring an additional 223,334 shares during the last quarter. Vanguard Group Inc. increased its position in shares of StandardAero by 53.2% during the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock valued at $243,324,000 after acquiring an additional 3,171,404 shares during the last quarter. Pamalican Asset Management Ltd acquired a new stake in shares of StandardAero during the first quarter valued at about $3,402,000. Finally, Thornburg Investment Management Inc. acquired a new stake in shares of StandardAero during the first quarter valued at about $5,176,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. CIBC dropped their price target 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. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group raised their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

Insider Activity at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 5,524,862 shares of the business's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $27.30, for a total value of $150,828,732.60. Following the transaction, the insider directly owned 35,292,362 shares of the company's stock, valued at approximately $963,481,482.60. The trade was a 13.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

StandardAero Stock Down 2.1%

StandardAero stock traded down $0.59 during trading on Friday, reaching $27.60. The stock had a trading volume of 1,492,222 shares, compared to its average volume of 1,511,075. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The business has a 50 day moving average price of $29.78 and a 200 day moving average price of $28.01. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.51 billion. The company's quarterly revenue was up 16.2% compared to the same quarter last year. On average, research analysts predict that StandardAero, Inc. will post 0.29 EPS for the current 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.