Point72 Europe London LLP Buys Shares of 50,000 StandardAero, Inc. $SARO

Key Points

• Point72 Europe London LLP has made a new investment of approximately $1.33 million in StandardAero, purchasing 50,000 shares during the first quarter of the year.
• StandardAero reported earnings of $0.20 per share, missing the consensus estimate by $0.01, while revenue for the quarter reached $1.53 billion, exceeding expectations.
• Recent analyst ratings for StandardAero include a shift from "buy" to "hold" by Wall Street Zen, with an average target price set at $34.67 and multiple institutions increasing their stakes in the company.

Point72 Europe London LLP purchased a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company's stock, valued at approximately $1,332,000.

A number of other large investors have also recently made changes to their positions in SARO. Comerica Bank purchased a new position in shares of StandardAero in the first quarter worth approximately $26,000. Corebridge Financial Inc. increased its position in StandardAero by 46.8% during the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. 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 during the period. KBC Group NV purchased a new stake in shares of StandardAero during the first quarter valued at $52,000. Finally, MetLife Investment Management LLC purchased a new stake in StandardAero in the fourth quarter worth about $54,000.

StandardAero Trading Up 0.1%

Shares of NYSE SARO traded up $0.03 during midday trading on Wednesday, hitting $26.70. The stock had a trading volume of 1,313,434 shares, compared to its average volume of 1,611,636. The company has a market capitalization of $8.93 billion and a price-to-earnings ratio of 65.12. 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, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38. The company has a fifty day moving average price of $28.67 and a 200 day moving average price of $28.05.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SARO. UBS Group increased 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. CIBC reduced their price objective 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. Finally, Wall Street Zen lowered 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 assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, StandardAero currently has an average rating of "Moderate Buy" and an average target price of $34.67.

StandardAero 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.