DLD Asset Management LP Buys New Shares in StandardAero, Inc. $SARO

Key Points

• DLD Asset Management LP acquired a new position in StandardAero, Inc. by purchasing 50,000 shares valued at approximately $1.33 million.
• Several other institutional investors also significantly increased their stakes, with Carlyle Group Inc. raising its stake by 1,912.5% to own 134 million shares valued at approximately $3.58 billion.
• Analysts have mixed views on StandardAero, with CIBC lowering its price target from $35.00 to $34.00 and a consensus target price set at $34.67, reflecting a "Moderate Buy" rating from the market.

DLD Asset Management LP bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the company's stock, valued at approximately $1,332,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Corebridge Financial Inc. lifted its holdings in StandardAero by 46.8% in the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock valued at $29,000 after buying an additional 344 shares during the period. GAMMA Investing LLC raised its holdings in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the period. Cerity Partners LLC raised its holdings in shares of StandardAero by 1.3% during the first quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock valued at $1,847,000 after purchasing an additional 863 shares during the period. Comerica Bank acquired a new position in shares of StandardAero during the first quarter valued at about $26,000. Finally, MetLife Investment Management LLC raised its holdings in shares of StandardAero by 53.4% during the first quarter. MetLife Investment Management LLC now owns 3,358 shares of the company's stock valued at $89,000 after purchasing an additional 1,169 shares during the period.

StandardAero Price Performance

NYSE SARO traded down $0.16 on Friday, hitting $27.19. The stock had a trading volume of 923,906 shares, compared to its average volume of 1,384,587. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15. The company has a market capitalization of $9.09 billion and a price-to-earnings ratio of 66.32. The firm has a 50-day moving average of $28.10 and a 200-day moving average of $28.07.

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 the consensus estimate of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. Equities analysts expect that StandardAero, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on SARO shares. Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. CIBC reduced 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. Finally, Barclays assumed coverage on shares of StandardAero in a research note on Friday. They set an "equal weight" rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, StandardAero has an average rating of "Moderate Buy" and a consensus price target of $34.40.

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.