StandardAero, Inc. $SARO Shares Bought by Woodline Partners LP

Key Points

• Woodline Partners LP has increased its stake in StandardAero by 71.7%, holding 655,553 shares worth approximately $17.5 million.
• StandardAero's reported earnings per share for the quarter were $0.20, falling short of analysts' expectations by $0.01, although revenue was up 13.5% year-over-year.
• Analyst ratings for StandardAero reflect a consensus of "Moderate Buy" with an average price target of $34.67.

Woodline Partners LP boosted its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 71.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 655,553 shares of the company's stock after buying an additional 273,697 shares during the quarter. Woodline Partners LP owned approximately 0.20% of StandardAero worth $17,464,000 at the end of the most recent reporting period.

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

StandardAero Stock Performance

SARO opened at $26.91 on Thursday. The firm has a market capitalization of $9.00 billion and a PE ratio of 65.63. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The firm's 50-day moving average price is $28.25 and its 200 day moving average price is $28.05. 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 (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. CIBC dropped their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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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