StandardAero, Inc. $SARO Shares Acquired by Wellington Management Group LLP

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 boosted its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 9.1% during the 1st quarter, according to its most recent filing with the SEC. The firm 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 approximately 2.42% of StandardAero worth $215,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares during the period. KBC Group NV purchased a new stake in shares of StandardAero during the 1st quarter worth about $52,000. MetLife Investment Management LLC purchased a new stake in shares of StandardAero during the 4th quarter worth about $54,000. Sterling Capital Management LLC purchased a new stake in shares of StandardAero during the 4th quarter worth about $78,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of StandardAero during the 4th quarter worth about $79,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SARO shares. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC lowered their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. Finally, UBS Group increased their target price on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.67.

StandardAero Price Performance

SARO traded up $0.29 during trading on Friday, reaching $27.16. The company's stock had a trading volume of 2,542,205 shares, compared to its average volume of 1,753,818. The company has a quick ratio of 1.37, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $29.17 and a two-hundred day simple moving average of $28.07. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38. The company has a market cap of $9.08 billion and a price-to-earnings ratio of 66.25.

StandardAero (NYSE:SARO - Get Free Report) last released its earnings results 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 return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business earned $0.02 earnings per share. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. As a group, analysts anticipate that StandardAero, Inc. will post 0.29 EPS for the current year.

Insiders Place Their Bets

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 sale, the insider 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company 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.