Seven Grand Managers LLC Has $16.65 Million Stock Position in StandardAero, Inc. $SARO

Key Points

• Seven Grand Managers LLC has significantly increased its investment in StandardAero, Inc. by 108.3%, now holding 625,000 shares valued at approximately $16.7 million.
• StandardAero reported earnings of $0.20 per share, just below analysts' expectations, but its revenue rose by 13.5% year-over-year, totaling $1.53 billion.
• Despite a recent decline in share value, analysts maintain a consensus rating of "Moderate Buy" with a target price averaging $34.67.

Seven Grand Managers LLC raised its stake in StandardAero, Inc. (NYSE:SARO - Free Report) by 108.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 625,000 shares of the company's stock after purchasing an additional 325,000 shares during the quarter. StandardAero accounts for about 3.9% of Seven Grand Managers LLC's portfolio, making the stock its 8th biggest position. Seven Grand Managers LLC owned approximately 0.19% of StandardAero worth $16,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of StandardAero in the fourth quarter worth approximately $5,226,000. Carlyle Group Inc. grew its holdings in shares of StandardAero by 1,912.5% in the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after acquiring an additional 127,676,968 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after acquiring an additional 825 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of StandardAero in the fourth quarter valued at approximately $23,737,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock valued at $443,000 after acquiring an additional 7,578 shares in the last quarter.

Wall Street Analysts Forecast Growth

SARO has been the subject of several recent analyst reports. Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group upped their target price on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, CIBC lowered their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.67.

StandardAero Stock Performance

NYSE SARO traded down $0.1050 on Tuesday, hitting $26.4650. 1,367,091 shares of the stock traded hands, compared to its average volume of 2,352,183. The business's fifty day moving average is $29.49 and its two-hundred day moving average is $28.10. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The firm has a market capitalization of $8.85 billion and a price-to-earnings ratio of 64.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.37 and a current ratio of 2.00.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). StandardAero had a return on equity of 9.45% and a net margin of 2.37%.The company 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. StandardAero's revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 5,524,862 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the completion of the transaction, the insider directly owned 35,292,362 shares of the company's stock, valued at $963,481,482.60. This trade represents a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.