Siren L.L.C. Takes $1.52 Million Position in StandardAero, Inc. $SARO

Key Points

• Siren L.L.C. has acquired a new stake in StandardAero, Inc. valued at approximately $1.52 million, purchasing 56,855 shares in the first quarter.
• The company's stock opened at $26.91, with a 12-month range of $21.31 to $34.38 and a market capitalization of $9.00 billion.
• StandardAero reported earnings of $0.20 EPS, slightly missing analysts' expectations, while its revenue increased by 13.5% year-over-year.

Siren L.L.C. purchased a new stake in 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. The firm purchased 56,855 shares of the company's stock, valued at approximately $1,515,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Next Century Growth Investors LLC grew its position in shares of StandardAero by 1.1% in the 1st quarter. Next Century Growth Investors LLC now owns 280,661 shares of the company's stock valued at $7,477,000 after buying an additional 3,179 shares during the last quarter. Brant Point Investment Management LLC bought a new position in shares of StandardAero in the first quarter valued at approximately $3,996,000. Eisler Capital Management Ltd. bought a new position in StandardAero during the first quarter valued at $279,000. Rafferty Asset Management LLC bought a new position in StandardAero during the first quarter valued at $627,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of StandardAero during the first quarter worth $4,662,000.

StandardAero Stock Performance

Shares of NYSE:SARO opened at $26.91 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $9.00 billion and a price-to-earnings ratio of 65.63. The firm's 50-day moving average is $28.25 and its 200 day moving average is $28.05. 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 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The company 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%.StandardAero's revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Research analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SARO. Wall Street Zen downgraded StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. CIBC lowered their target price 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, StandardAero has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

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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