Gotham Asset Management LLC Has $10.47 Million Position in StandardAero, Inc. $SARO

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

A number of other institutional investors and hedge funds also recently made changes to their positions in 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 acquiring an additional 127,676,968 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of StandardAero during the fourth quarter worth $145,849,000. Vanguard Group Inc. grew its stake 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. grew its stake in shares of StandardAero by 4,035.1% during the first quarter. Invesco Ltd. now owns 2,222,551 shares of the company's stock worth $59,209,000 after purchasing an additional 2,168,803 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of StandardAero during the first quarter worth $55,679,000.

StandardAero Trading Down 0.6%

NYSE:SARO traded down $0.16 on Friday, reaching $27.19. The company's stock had a trading volume of 923,906 shares, compared to its average volume of 1,419,785. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15. The firm has a market cap of $9.09 billion and a PE ratio of 66.32. The business's 50-day moving average price is $28.10 and its two-hundred day moving average price is $28.06.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on SARO. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays began coverage on StandardAero in a research note on Friday. They set an "equal weight" rating and a $32.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, StandardAero presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.40.

StandardAero Company 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.