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

Key Points

• DLD Asset Management LP acquired 50,000 shares of StandardAero, Inc. for approximately $1.33 million in the first quarter, highlighting increasing institutional interest in the company.
• Carlyle Group Inc. significantly boosted its stake in StandardAero by 1,912.5%, acquiring a total of over 134 million shares valued at approximately $3.58 billion.
• StandardAero reported earnings of $0.20 per share for the last quarter, missing estimates, but achieved a 13.5% revenue increase year-over-year, reaching $1.53 billion.

DLD Asset Management LP acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 50,000 shares of the company's stock, valued at approximately $1,332,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carlyle Group Inc. grew its position in StandardAero by 1,912.5% in the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after buying an additional 127,676,968 shares during the last quarter. Vanguard Group Inc. lifted its holdings in StandardAero by 53.2% in 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 period. T. Rowe Price Investment Management Inc. lifted its holdings in StandardAero by 29.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company's stock valued at $224,261,000 after acquiring an additional 1,902,687 shares during the period. Wellington Management Group LLP lifted its holdings in StandardAero by 9.1% in the first quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company's stock valued at $215,965,000 after acquiring an additional 678,520 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in StandardAero in the fourth quarter valued at $155,829,000.

Insider Activity

In other news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the completion of the transaction, the insider owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SARO shares. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC reduced their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, UBS Group raised their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, StandardAero has an average rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Price Performance

Shares of NYSE:SARO traded down $0.23 during midday trading on Monday, hitting $27.00. 426,813 shares of the stock were exchanged, compared to its average volume of 2,331,127. The stock has a market cap of $9.03 billion and a P/E ratio of 65.89. 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, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a 50 day moving average price of $29.17 and a 200-day moving average price of $28.09.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly 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). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. On average, research analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current year.

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.