Machina Capital S.A.S. Invests $527,000 in StandardAero, Inc. (NYSE:SARO)

Key Points

• Machina Capital S.A.S. has acquired 19,776 shares of StandardAero, Inc. valued at approximately $527,000 in the 1st quarter of the year.
• Several institutional investors have increased their stakes, including GAMMA Investing LLC, which boosted its position by 272.3%.
• StandardAero's stock has shown a consistent decline, with a recent trading price of $28.28, while analysts have mixed ratings on the stock's future.

Machina Capital S.A.S. purchased a new position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,776 shares of the company's stock, valued at approximately $527,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in StandardAero during the 4th quarter worth approximately $183,924,000. Carlyle Group Inc. purchased a new position in StandardAero during the 4th quarter worth approximately $165,294,000. T. Rowe Price Investment Management Inc. purchased a new position in StandardAero during the 4th quarter worth approximately $161,324,000. Price T Rowe Associates Inc. MD purchased a new position in shares of StandardAero in the 4th quarter valued at approximately $155,829,000. Finally, Vanguard Group Inc. purchased a new position in shares of StandardAero in the 4th quarter valued at approximately $147,628,000.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the completion of the transaction, the insider directly owned 35,292,362 shares of the company's stock, valued at $963,481,482.60. The trade was a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

SARO has been the topic of several analyst reports. UBS Group lifted their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, 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. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.67.

StandardAero Price Performance

SARO stock traded down $0.19 during midday trading on Monday, hitting $28.06. 163,973 shares of the stock were exchanged, compared to its average volume of 2,401,177. The stock's 50-day moving average price is $29.90 and its 200-day moving average price is $27.79. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $34.38. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 2.00.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. The firm's revenue was up 16.2% compared to the same quarter last year. As a group, research analysts forecast that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

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.