Goldman Sachs Group Inc. Takes $6.82 Million Position in StandardAero, Inc. $SARO

Key Points

• Goldman Sachs Group Inc. has invested approximately $6.82 million to acquire 256,034 shares of StandardAero, Inc., owning 0.08% of the company as of the latest SEC filing.
• Analysts have mixed views on StandardAero, with CIBC lowering their price target from $35.00 to $34.00 and Barclays setting a new target of $32.00 while maintaining an "equal weight" rating.
• StandardAero reported a revenue of $1.53 billion for the last quarter, exceeding analyst expectations, but missed earnings per share estimates by $0.01.

Goldman Sachs Group Inc. bought a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 256,034 shares of the company's stock, valued at approximately $6,821,000. Goldman Sachs Group Inc. owned 0.08% of StandardAero as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Corebridge Financial Inc. raised its stake in StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after acquiring an additional 344 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 in the last quarter. Cerity Partners LLC lifted its stake in StandardAero by 1.3% during the first quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock worth $1,847,000 after purchasing an additional 863 shares in the last quarter. Comerica Bank purchased a new stake in shares of StandardAero during the first quarter worth $26,000. Finally, MetLife Investment Management LLC lifted its position in shares of StandardAero by 53.4% during the 1st quarter. MetLife Investment Management LLC now owns 3,358 shares of the company's stock worth $89,000 after purchasing an additional 1,169 shares during the last quarter.

StandardAero Stock Down 1.4%

SARO stock traded down $0.39 during trading on Friday, reaching $27.56. The stock had a trading volume of 271,526 shares, compared to its average volume of 2,238,355. The company has a market capitalization of $9.22 billion and a P/E ratio of 67.23. The firm has a fifty day moving average price of $27.87 and a 200 day moving average price of $28.06. 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 1-year low of $21.31 and a 1-year high of $34.38.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on SARO shares. Barclays initiated coverage on StandardAero in a research report on Friday, September 12th. They set an "equal weight" rating and a $32.00 target price on the stock. Susquehanna started coverage on StandardAero in a report on Wednesday. They issued a "positive" rating and a $34.00 price objective on the stock. CIBC reduced their price target 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, Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, StandardAero currently has an average rating of "Moderate Buy" and a consensus price target of $34.36.

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.