Alliancebernstein L.P. Has $121.29 Million Stake in StandardAero, Inc. $SARO

Key Points

• Alliancebernstein L.P. has increased its stake in StandardAero, Inc. by 49.4%, holding approximately 4.55 million shares valued at $121.3 million.
• Other major investors, including Carlyle Group and Vanguard Group, have significantly increased their positions in StandardAero during the same quarter, with Carlyle Group growing its holdings by 1,912.5%.
• StandardAero reported a 13.5% year-over-year revenue increase in its latest quarterly earnings, although it missed EPS expectations by $0.01.

Alliancebernstein L.P. grew its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,552,851 shares of the company's stock after acquiring an additional 1,505,726 shares during the period. Alliancebernstein L.P. owned 1.36% of StandardAero worth $121,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Carlyle Group Inc. increased its position in StandardAero by 1,912.5% in the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock worth $3,579,159,000 after purchasing an additional 127,676,968 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of StandardAero by 272.3% in the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after buying an additional 7,578 shares during the last quarter. Rhumbline Advisers increased its holdings in StandardAero by 45.9% in the first quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock worth $1,954,000 after buying an additional 23,086 shares during the last quarter. Finally, KBC Group NV bought a new position in StandardAero during the first quarter valued at approximately $52,000.

Analyst Ratings Changes

Several brokerages have recently commented on SARO. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group upped their price objective on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, CIBC cut their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.67.

StandardAero Stock Performance

SARO traded up $0.14 on Wednesday, hitting $26.78. 215,598 shares of the stock traded hands, compared to its average volume of 2,270,518. The business has a fifty day moving average price of $28.33 and a two-hundred day moving average price of $28.06. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The firm has a market capitalization of $8.96 billion and a PE ratio of 65.29.

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

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.