Tocqueville Asset Management L.P. Makes New $1.51 Million Investment in StandardAero, Inc. $SARO

Key Points

• Tocqueville Asset Management L.P. has acquired a new position in StandardAero, Inc., purchasing 56,552 shares valued at approximately $1.5 million.
• StandardAero's stock opened at $26.55, reflecting a 1.7% decline and a 12-month trading range between $21.31 and $34.38.
• Analysts have given StandardAero a consensus rating of "Moderate Buy" with a target price of $34.67, amid mixed ratings from CIBC and UBS Group.

Tocqueville Asset Management L.P. purchased a new stake in StandardAero, Inc. (NYSE:SARO - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 56,552 shares of the company's stock, valued at approximately $1,507,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Carlyle Group Inc. grew its stake in shares of StandardAero by 1,912.5% during the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after acquiring an additional 127,676,968 shares in the last quarter. GAMMA Investing LLC lifted its holdings in StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after acquiring an additional 825 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after acquiring an additional 7,578 shares during the last quarter. Rhumbline Advisers lifted its holdings in StandardAero by 45.9% in the first quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock worth $1,954,000 after acquiring an additional 23,086 shares during the last quarter. Finally, KBC Group NV bought a new position in StandardAero in the first quarter worth about $52,000.

StandardAero Price Performance

NYSE:SARO traded up $0.29 during midday trading on Friday, hitting $27.16. 2,542,205 shares of the stock were exchanged, compared to its average volume of 1,753,818. 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 price-to-earnings ratio of 66.25. The business has a 50-day moving average price of $29.17 and a two-hundred day moving average price of $28.07. The company has a current ratio of 2.15, a quick ratio of 1.37 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.20 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.02 EPS. StandardAero's revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Sell-side analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SARO shares. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. CIBC cut their price target on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. Finally, UBS Group lifted their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.67.

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the sale, the insider owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.

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.