Rafferty Asset Management LLC Buys New Holdings in StandardAero, Inc. $SARO

Key Points

• Rafferty Asset Management LLC purchased 23,522 shares of StandardAero, Inc. valued at approximately $627,000, during the 1st quarter.
• StandardAero's stock has a consensus rating of "Moderate Buy" with an average price target of $34.67, despite recent price reductions by analysts.
• The company reported a net margin of 2.37% and a revenue increase of 13.5% year-over-year during its last quarterly earnings release.

Rafferty Asset Management LLC bought a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,522 shares of the company's stock, valued at approximately $627,000.

A number of other large investors have also made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of StandardAero in the 1st quarter valued at about $4,662,000. Corebridge Financial Inc. boosted its stake in shares of StandardAero by 46.8% during the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after purchasing an additional 344 shares during the last quarter. Comerica Bank acquired a new stake in shares of StandardAero in the first quarter worth approximately $26,000. MetLife Investment Management LLC boosted its position in shares of StandardAero by 53.4% in the first quarter. MetLife Investment Management LLC now owns 3,358 shares of the company's stock worth $89,000 after acquiring an additional 1,169 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in StandardAero by 194.0% during the first quarter. Walleye Capital LLC now owns 403,249 shares of the company's stock valued at $10,743,000 after buying an additional 266,072 shares in the last quarter.

StandardAero Stock Up 0.1%

Shares of NYSE SARO traded up $0.03 during trading hours 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 P/E ratio of 65.12. The firm's 50-day moving average price is $28.67 and its two-hundred day moving average price is $28.05. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The company had revenue of $1.53 billion for 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 firm's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. Analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.