Walleye Capital LLC Acquires 266,072 Shares of StandardAero, Inc. $SARO

Key Points

• Walleye Capital LLC has increased its holdings in StandardAero, Inc. by 194.0%, acquiring an additional 266,072 shares to reach a total of 403,249 shares, valued at approximately $10.74 million.
• Significant stake adjustments occurred among other hedge funds, with Carlyle Group Inc. boosting its stake by 1,912.5% to own over $3.57 billion in shares.
• Analysts have mixed views on StandardAero, with price targets ranging from $30.00 to $34.00, reflecting a consensus rating of "Moderate Buy" and a slight downgrade from some brokerages.

Walleye Capital LLC grew its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 194.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 403,249 shares of the company's stock after purchasing an additional 266,072 shares during the quarter. Walleye Capital LLC owned approximately 0.12% of StandardAero worth $10,743,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SARO. Carlyle Group Inc. boosted its stake in shares of StandardAero by 1,912.5% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of StandardAero in the 4th quarter valued at about $155,829,000. Janus Henderson Group PLC bought a new position in shares of StandardAero in the 4th quarter valued at about $145,849,000. Brown Advisory Inc. bought a new position in shares of StandardAero in the 4th quarter valued at about $92,481,000. Finally, Vanguard Group Inc. boosted its stake in shares of StandardAero by 53.2% in the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company's stock valued at $243,324,000 after purchasing an additional 3,171,404 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SARO. 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 research report on Tuesday, July 8th. UBS Group increased their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. One investment 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.67.

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 828,729 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the completion of the transaction, the insider directly owned 34,463,633 shares of the company's stock, valued at $940,857,180.90. This trade represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

StandardAero Stock Performance

Shares of SARO stock opened at $27.16 on Monday. The company has a market capitalization of $9.08 billion and a P/E ratio of 66.25. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The company's 50 day moving average price is $29.17 and its two-hundred day moving average price is $28.09. 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 issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.StandardAero's revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. On average, analysts expect that StandardAero, Inc. will post 0.29 earnings per share 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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