Maven Securities LTD Makes New $4 Million Investment 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 bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 150,000 shares of the company's stock, valued at approximately $3,996,000.

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

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 828,729 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $27.30, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

SARO has been the subject of a number of recent research reports. UBS Group increased their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. CIBC decreased their price objective on 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 cut StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

StandardAero Price Performance

NYSE SARO traded up $0.29 during mid-day trading on Friday, hitting $27.16. The stock had a trading volume of 2,542,205 shares, compared to its average volume of 1,825,153. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38. The company has a market cap of $9.08 billion and a price-to-earnings ratio of 66.25. The company has a 50 day simple moving average of $29.17 and a 200 day simple moving average of $28.09. 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 (NYSE:SARO - Get Free Report) last released its quarterly earnings data 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). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the business earned $0.02 earnings per share. The business's revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Equities 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.