StandardAero, Inc. $SARO Stock: CenterBook Partners LP Raises Stake

Key Points

• CenterBook Partners increased its StandardAero stake by 224.5% in the third quarter, adding 34,989 shares to hold 50,576 shares valued at about $1.08 million.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $33.55; views range from Strong Buy to Hold.
• StandardAero reported quarterly EPS of $0.39, slightly above the $0.38 estimate, on $1.56 billion in revenue, up 4% year over year.

CenterBook Partners LP grew its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 224.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,576 shares of the company's stock after purchasing an additional 34,989 shares during the period. CenterBook Partners LP's holdings in StandardAero were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. Carlyle Group Inc. bought a new position in shares of StandardAero during the 2nd quarter worth $2,529,998,000. BlackRock Inc. purchased a new position in StandardAero during the second quarter valued at approximately $646,128,000. Allspring Global Investments Holdings LLC grew its stake in StandardAero by 42.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company's stock valued at $395,890,000 after purchasing an additional 4,523,693 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of StandardAero during the 2nd quarter worth approximately $366,857,000. Finally, Janus Henderson Group PLC raised its stake in shares of StandardAero by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company's stock worth $311,002,000 after acquiring an additional 816,276 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on SARO. Guggenheim initiated coverage on StandardAero in a research note on Monday, September 14th. They set a "neutral" rating for the company. Sanford C. Bernstein restated an "outperform" rating on shares of StandardAero in a research report on Monday, August 24th. Weiss Ratings cut StandardAero from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 11th. JPMorgan Chase & Co. boosted their price objective on StandardAero from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Finally, Bank of America cut their price target on shares of StandardAero from $35.00 to $27.00 and set a "neutral" rating for the company in a report on Thursday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.55.

StandardAero Stock Performance

Shares of SARO opened at $28.91 on Tuesday. The stock has a 50-day simple moving average of $22.77 and a 200-day simple moving average of $26.52. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. StandardAero, Inc. has a 1 year low of $19.56 and a 1 year high of $34.48. The stock has a market capitalization of $9.57 billion, a PE ratio of 27.54 and a beta of 0.82.

StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%. StandardAero's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. On average, analysts predict that StandardAero, Inc. will post 1.50 earnings per share for the current fiscal year.

StandardAero Profile

StandardAero is a provider of maintenance, repair and overhaul services for the aerospace and aviation industries. Its work includes servicing and repairing aircraft engines, airframes and related components, as well as providing engineering and other technical support.

The company serves customers across business and general aviation, commercial aviation, military and helicopter markets. Its services support aircraft operators, airlines, original equipment manufacturers and government organizations, with operations and facilities serving customers in multiple regions worldwide.

StandardAero traces its history to 1911, when it began as Standard Machine Works in Winnipeg, Canada.

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