Monashee Investment Management LLC Takes Position in StandardAero, Inc. $SARO

Key Points

• Monashee Investment Management LLC has acquired a new stake in StandardAero, Inc., purchasing 480,000 shares valued at approximately $12.79 million, making it the 12th largest holding in their portfolio.
• Significant changes in ownership occurred with Carlyle Group Inc. dramatically increasing its stake by 1,912.5%, now owning around $3.57 billion worth of shares after acquiring nearly 128 million additional shares.
• Analysts have mixed views on StandardAero, with target price adjustments leading to a current consensus rating of "Moderate Buy" and an average target price of $34.67.

Monashee Investment Management LLC bought a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 480,000 shares of the company's stock, valued at approximately $12,787,000. StandardAero comprises 1.5% of Monashee Investment Management LLC's portfolio, making the stock its 12th largest position. Monashee Investment Management LLC owned about 0.14% of StandardAero at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 825 shares in the last quarter. KBC Group NV acquired a new stake in shares of StandardAero during the first quarter valued at about $52,000. MetLife Investment Management LLC acquired a new stake in shares of StandardAero during the fourth quarter valued at about $54,000. Sterling Capital Management LLC acquired a new stake in shares of StandardAero during the fourth quarter valued at about $78,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of StandardAero during the fourth quarter valued at about $79,000.

Analysts Set New Price Targets

A number of analysts have recently commented on SARO shares. CIBC cut their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group lifted their price objective on StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.67.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 828,729 shares of the business'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 transaction of $22,624,301.70. Following the completion of the sale, the insider owned 34,463,633 shares in the company, valued at $940,857,180.90. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

StandardAero Trading Up 0.9%

SARO stock traded up $0.25 during mid-day trading on Tuesday, reaching $27.16. The company's stock had a trading volume of 312,059 shares, compared to its average volume of 2,322,866. The company has a market cap of $9.08 billion and a price-to-earnings ratio of 66.26. The business's 50 day moving average price is $29.10 and its 200 day moving average price is $28.08. The company has a current ratio of 2.15, a quick ratio of 1.49 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.

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

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.