Wellington Management Group LLP Acquires 678,520 Shares of StandardAero, Inc. $SARO

Key Points

• Wellington Management Group LLP increased its stake in StandardAero, Inc. by 9.1% during the first quarter, holding approximately 2.42% of the company, valued at $215.97 million.
• Carlyle Group Inc. significantly boosted its holdings in StandardAero by 1,912.5%, acquiring over 134 million shares valued at approximately $3.58 billion.
• StandardAero reported a net margin of 2.37% and revenue of $1.53 billion for the quarter, marking a 13.5% year-over-year increase, despite missing EPS estimates.

Wellington Management Group LLP increased its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 9.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,106,811 shares of the company's stock after purchasing an additional 678,520 shares during the period. Wellington Management Group LLP owned 2.42% of StandardAero worth $215,965,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SARO. Carlyle Group Inc. lifted its holdings in StandardAero by 1,912.5% during the 1st 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 in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of StandardAero in the 4th quarter valued at about $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of StandardAero in the 4th quarter valued at about $155,829,000. Janus Henderson Group PLC purchased a new stake in shares of StandardAero in the 4th quarter valued at about $145,849,000. Finally, Brown Advisory Inc. purchased a new stake in shares of StandardAero in the 4th quarter valued at about $92,481,000.

StandardAero Price Performance

Shares of StandardAero stock traded down $0.14 during trading on Monday, hitting $27.09. 308,201 shares of the stock traded hands, compared to its average volume of 2,330,374. The firm's fifty day moving average is $29.17 and its 200-day moving average is $28.09. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38. The stock has a market cap of $9.06 billion and a price-to-earnings ratio of 66.04.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (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 company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $0.02 earnings per share. StandardAero's revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. Research analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

Insider Transactions at StandardAero

In related 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 stock was sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the transaction, the insider directly owned 34,463,633 shares in the company, valued at $940,857,180.90. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SARO shares. UBS Group raised 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. CIBC lowered 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, Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

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.