Siren L.L.C. Purchases Shares of 56,855 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. acquired a new position in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,855 shares of the company's stock, valued at approximately $1,515,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SARO. Comerica Bank purchased a new stake in shares of StandardAero in the 1st quarter worth $26,000. Corebridge Financial Inc. increased its stake in shares of StandardAero by 46.8% in 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 in the last quarter. GAMMA Investing LLC increased its stake in 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 buying an additional 825 shares in the last quarter. KBC Group NV bought a new stake in StandardAero during the first quarter valued at about $52,000. Finally, BNP Paribas Financial Markets bought a new stake in StandardAero during the fourth quarter valued at about $79,000.

StandardAero Trading Up 0.9%

Shares of StandardAero stock traded up $0.25 on Tuesday, hitting $27.27. 1,310,366 shares of the company traded hands, compared to its average volume of 1,378,714. The company has a market cap of $9.12 billion and a PE ratio of 66.51. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. 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 stock's 50 day moving average price is $27.96 and its 200-day moving average price is $28.05.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business 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%.The business's quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. Equities research analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Wall Street Analyst Weigh In

SARO has been the topic of a number of recent analyst reports. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC decreased their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. Finally, Barclays initiated coverage on StandardAero in a research report on Friday. They set an "equal weight" rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and an average price target of $34.40.

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.