Monashee Investment Management LLC Takes $12.79 Million 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 acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 480,000 shares of the company's stock, valued at approximately $12,787,000. StandardAero accounts for 1.5% of Monashee Investment Management LLC's investment portfolio, making the stock its 12th largest holding. Monashee Investment Management LLC owned approximately 0.14% of StandardAero as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carlyle Group Inc. raised its holdings in shares of StandardAero by 1,912.5% in the 1st 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. GAMMA Investing LLC raised its holdings in shares of StandardAero by 272.3% in 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 last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of StandardAero by 83.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after acquiring an additional 7,578 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of StandardAero by 45.9% in the 1st quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock worth $1,954,000 after acquiring an additional 23,086 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of StandardAero in the 1st quarter worth about $52,000.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider directly owned 34,463,633 shares of the company's stock, 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 document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SARO shares. CIBC lowered 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 increased their target price on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

StandardAero Stock Up 0.4%

Shares of NYSE:SARO opened at $26.5950 on Thursday. The firm has a fifty day moving average price of $29.32 and a two-hundred day moving average price of $28.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.37. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The company has a market cap of $8.90 billion and a price-to-earnings ratio of 64.87.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 EPS 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 the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $0.02 earnings per share. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal 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.

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