Rhumbline Advisers Acquires 23,086 Shares of StandardAero, Inc. $SARO

Key Points

• Rhumbline Advisers increased its stake in StandardAero by 45.9%, owning 73,365 shares valued at approximately $1.95 million after purchasing an additional 23,086 shares.
• Carlyle Group Inc. made a significant investment, boosting its holdings by 1,912.5%, now owning over 134 million shares worth nearly $3.58 billion.
• StandardAero reported $0.20 earnings per share for the last quarter, missing estimates by $0.01, but saw a 13.5% year-over-year revenue increase to $1.53 billion.

Rhumbline Advisers lifted its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 45.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,365 shares of the company's stock after acquiring an additional 23,086 shares during the quarter. Rhumbline Advisers' holdings in StandardAero were worth $1,954,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SARO. Comerica Bank bought a new stake in shares of StandardAero during the first quarter worth $26,000. Corebridge Financial Inc. grew its stake in shares of StandardAero by 46.8% during the first 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 period. GAMMA Investing LLC grew its stake in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. KBC Group NV acquired a new stake in shares of StandardAero during the first quarter worth $52,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of StandardAero during the fourth quarter worth $79,000.

StandardAero Stock Down 1.2%

SARO traded down $0.34 on Friday, hitting $27.61. 3,087,153 shares of the company were exchanged, compared to its average volume of 1,433,960. StandardAero, Inc. has a 12 month low of $21.31 and a 12 month high of $34.38. The company has a market cap of $9.23 billion and a PE ratio of 67.34. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15. The stock's fifty day moving average is $27.82 and its 200-day moving average is $28.08.

StandardAero (NYSE:SARO - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.02 EPS. The business's revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Equities research analysts predict that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SARO has been the subject of a number of research analyst reports. Susquehanna initiated coverage on StandardAero in a research note on Wednesday. They issued a "positive" rating and a $34.00 target price for the company. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC decreased their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Finally, Barclays began coverage on StandardAero in a research note on Friday, September 12th. They issued an "equal weight" rating and a $32.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.36.

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.