DLD Asset Management LP Acquires New Shares 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 Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $1,332,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carlyle Group Inc. raised its position in StandardAero by 1,912.5% in the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after purchasing an additional 127,676,968 shares during the period. GAMMA Investing LLC raised its position in 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 purchasing an additional 825 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock valued at $443,000 after purchasing an additional 7,578 shares during the period. Rhumbline Advisers raised its position in StandardAero by 45.9% in the first quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock valued at $1,954,000 after purchasing an additional 23,086 shares during the period. Finally, KBC Group NV purchased a new stake in StandardAero in the first quarter valued at approximately $52,000.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

SARO has been the topic of a number of research analyst reports. Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group boosted their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, CIBC cut their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. One investment 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.67.

StandardAero Stock Down 0.4%

StandardAero stock opened at $26.4650 on Wednesday. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The stock's fifty day simple moving average is $29.40 and its 200-day simple moving average is $28.08. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $8.85 billion and a P/E ratio of 64.55.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The firm's revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. As a group, equities analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

StandardAero 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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