Gotham Asset Management LLC Purchases 217,867 Shares of StandardAero, Inc. $SARO

Gotham Asset Management LLC grew its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 124.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,082 shares of the company's stock after buying an additional 217,867 shares during the period. Gotham Asset Management LLC owned approximately 0.12% of StandardAero worth $10,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of SARO. Carlyle Group Inc. raised its position in shares of StandardAero by 1,912.5% during the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock worth $3,579,159,000 after purchasing an additional 127,676,968 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of StandardAero during the fourth quarter worth about $145,849,000. Vanguard Group Inc. raised its position in shares of StandardAero by 53.2% during the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock worth $243,324,000 after purchasing an additional 3,171,404 shares during the period. Invesco Ltd. raised its position in StandardAero by 4,035.1% in the 1st quarter. Invesco Ltd. now owns 2,222,551 shares of the company's stock valued at $59,209,000 after buying an additional 2,168,803 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in StandardAero in the 1st quarter valued at approximately $55,679,000.

StandardAero Stock Performance

Shares of NYSE SARO traded down $0.16 during midday trading on Friday, hitting $27.19. 923,906 shares of the company's stock were exchanged, compared to its average volume of 1,419,785. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The company's 50 day moving average price is $28.10 and its 200 day moving average price is $28.07. The firm has a market capitalization of $9.09 billion and a PE ratio of 66.32.

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

Wall Street Analyst Weigh In

SARO has been the topic of a number of recent research reports. CIBC dropped their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. Barclays started coverage on StandardAero in a research note on Friday. They issued an "equal weight" rating and a $32.00 price target for the company. Finally, Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $34.40.

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.