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

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

Analyst Upgrades and Downgrades

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

StandardAero Price Performance

NYSE:SARO traded down $0.91 during midday trading on Friday, hitting $26.57. The company had a trading volume of 2,120,777 shares, compared to its average volume of 1,698,734. The stock's fifty day moving average price is $28.61 and its 200-day moving average price is $28.05. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $8.89 billion and a PE ratio of 48.21.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $1.53 billion during 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 company posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. As a group, research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current 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.