Maven Securities LTD Invests $4 Million in StandardAero, Inc. $SARO

Key Points

• Maven Securities LTD has invested approximately $4 million in StandardAero, acquiring a stake of 150,000 shares as of the first quarter of 2023.
• StandardAero reported earnings per share of $0.20 for the last quarter, missing consensus estimates by $0.01, while also experiencing a 13.5% year-over-year revenue growth.
• Following recent transactions, a major shareholder has reduced their stake in StandardAero, selling over 828,000 shares at an average price of $27.30.

Maven Securities LTD acquired a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 150,000 shares of the company's stock, valued at approximately $3,996,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the period. KBC Group NV purchased a new stake in StandardAero during the 1st quarter valued at about $52,000. MetLife Investment Management LLC bought a new position in StandardAero during the 4th quarter worth approximately $54,000. Sterling Capital Management LLC purchased a new position in StandardAero in the 4th quarter worth approximately $78,000. Finally, BNP Paribas Financial Markets bought a new stake in StandardAero in the fourth quarter valued at approximately $79,000.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the completion of the transaction, the insider directly owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. This trade represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SARO. CIBC cut their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. UBS Group raised their price target on shares of StandardAero from $25.00 to $30.00 and gave the stock 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 given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, StandardAero currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

StandardAero Stock Up 1.1%

Shares of NYSE:SARO traded up $0.29 during trading on Friday, hitting $27.16. The stock had a trading volume of 2,542,205 shares, compared to its average volume of 2,343,243. The company has a market capitalization of $9.08 billion and a PE ratio of 66.25. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The firm's fifty day moving average is $29.24 and its 200 day moving average is $28.07. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Analysts anticipate 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.