StandardAero, Inc. $SARO Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in StandardAero by 48.4%, acquiring a total of 1,471,945 shares, making it a significant institutional investor in the company.
• StandardAero recently reported a quarterly EPS of $0.20, which was below analysts' expectations of $0.21, despite having a year-over-year revenue increase of 13.5%.
• Analysts have varied opinions on StandardAero's stock, with a consensus rating of "Moderate Buy" and a price target of $34.40, indicating a cautious but positive outlook.

Voya Investment Management LLC lifted its stake in StandardAero, Inc. (NYSE:SARO - Free Report) by 48.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,471,945 shares of the company's stock after acquiring an additional 479,871 shares during the period. Voya Investment Management LLC owned 0.44% of StandardAero worth $39,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Northern Trust Corp bought a new stake in shares of StandardAero in the 4th quarter worth approximately $6,612,000. BNP Paribas Financial Markets bought a new stake in shares of StandardAero in the 4th quarter worth approximately $79,000. Bank of America Corp DE bought a new stake in shares of StandardAero in the 4th quarter worth approximately $1,120,000. D. E. Shaw & Co. Inc. bought a new stake in shares of StandardAero in the 4th quarter worth approximately $908,000. Finally, Graham Capital Management L.P. bought a new stake in shares of StandardAero in the 4th quarter worth approximately $248,000.

Wall Street Analyst Weigh In

A number of analysts recently commented on SARO shares. Barclays started coverage on shares of StandardAero in a report on Friday. They issued an "equal weight" rating and a $32.00 target price on the stock. CIBC cut 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. Finally, Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.40.

StandardAero Stock Performance

Shares of SARO opened at $27.19 on Friday. The company's 50 day moving average price is $28.10 and its 200 day moving average price is $28.07. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The company has a market capitalization of $9.09 billion and a PE ratio of 66.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15.

StandardAero (NYSE:SARO - Get Free Report) last announced 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). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous 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. Research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

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.

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