Woodline Partners LP Purchases 273,697 Shares of StandardAero, Inc. $SARO

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 lifted its position in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 71.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.20% of StandardAero worth $17,464,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Carlyle Group Inc. grew its holdings in StandardAero by 1,912.5% in the first 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 period. Vanguard Group Inc. grew its holdings in StandardAero by 53.2% in the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock worth $243,324,000 after purchasing an additional 3,171,404 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in StandardAero by 29.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company's stock worth $224,261,000 after purchasing an additional 1,902,687 shares during the period. Wellington Management Group LLP grew its holdings in StandardAero by 9.1% in the first quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company's stock worth $215,965,000 after purchasing an additional 678,520 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in StandardAero by 49.4% in the first quarter. Alliancebernstein L.P. now owns 4,552,851 shares of the company's stock worth $121,288,000 after purchasing an additional 1,505,726 shares during the period.

StandardAero Stock Up 0.4%

Shares of StandardAero stock traded up $0.12 during trading hours on Tuesday, reaching $27.14. The company's stock had a trading volume of 324,524 shares, compared to its average volume of 2,248,871. StandardAero, Inc. has a one year low of $21.31 and a one year high of $34.38. The company has a market capitalization of $9.08 billion and a P/E ratio of 66.21. The stock's fifty day simple moving average is $28.03 and its two-hundred day simple moving average is $28.06. 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 released its quarterly earnings data 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). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $0.02 earnings per share. The firm's quarterly revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. On average, research analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on SARO. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC reduced their price target on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, Barclays began coverage on shares of StandardAero in a report on Friday. They issued an "equal weight" rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, StandardAero has an average rating of "Moderate Buy" and a consensus 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.