Empyrean Capital Partners LP Acquires Shares of 35,000 StandardAero, Inc. $SARO

Key Points

• Empyrean Capital Partners LP invested $932,000 in StandardAero, acquiring 35,000 shares of the company in the first quarter.
• StandardAero's stock has received mixed ratings from analysts, with a target price range between $25.00 and $35.00, resulting in an average rating of "Moderate Buy."
• The company's recent quarterly earnings showed a 2.37% net margin and a revenue increase of 13.5% from the previous year, although it missed the EPS estimate by $0.01.

Empyrean Capital Partners LP bought a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the company's stock, valued at approximately $932,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Carlyle Group Inc. boosted its holdings 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. Vanguard Group Inc. boosted its stake in shares of StandardAero by 53.2% in the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock valued at $243,324,000 after buying an additional 3,171,404 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of StandardAero by 29.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company's stock valued at $224,261,000 after buying an additional 1,902,687 shares during the period. Wellington Management Group LLP boosted its stake in shares of StandardAero by 9.1% in the 1st quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company's stock valued at $215,965,000 after buying an additional 678,520 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of StandardAero in the 4th quarter valued at about $145,849,000.

StandardAero Stock Down 3.3%

SARO stock traded down $0.91 during trading on Friday, hitting $26.57. 2,120,777 shares of the company's stock were exchanged, compared to its average volume of 1,730,162. The business has a 50-day moving average price of $28.50 and a two-hundred day moving average price of $28.06. The stock has a market capitalization of $8.89 billion and a price-to-earnings ratio of 64.80. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. 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 (NYSE:SARO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business 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%.StandardAero's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current year.

Analyst Ratings Changes

SARO has been the subject of several recent research reports. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC decreased their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Finally, UBS Group lifted their price objective on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. One equities research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.