StandardAero, Inc. (NYSE:SARO) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in StandardAero, Inc. by 134.0%, acquiring an additional 19,092 shares for a total of 33,339 shares, worth approximately $888,000.
• Major shareholder Private Ltd Gic sold over 5.5 million shares of StandardAero, resulting in a 13.54% decrease in their ownership, with total proceeds from the sale totaling approximately $150.8 million.
• The company reported a 16.2% increase in revenue year-over-year to $1.44 billion, while earnings per share (EPS) for the quarter beat estimates at $0.19.

XTX Topco Ltd increased its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 134.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,339 shares of the company's stock after buying an additional 19,092 shares during the period. XTX Topco Ltd's holdings in StandardAero were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC boosted 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 in the last quarter. Cerity Partners LLC grew its position in StandardAero by 1.3% during the 1st quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock worth $1,847,000 after purchasing an additional 863 shares during the last quarter. Bessemer Group Inc. acquired a new position in StandardAero during the 4th quarter valued at approximately $28,000. KBC Group NV purchased a new position in shares of StandardAero in the first quarter worth $52,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of StandardAero during the fourth quarter worth $54,000.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 5,524,862 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $27.30, for a total value of $150,828,732.60. Following the completion of the sale, the insider owned 35,292,362 shares of the company's stock, valued at approximately $963,481,482.60. This trade represents a 13.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SARO. Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC dropped their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research report on Tuesday, July 8th. Finally, UBS Group increased their price objective 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. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, StandardAero has an average rating of "Moderate Buy" and an average price target of $34.67.

StandardAero Stock Performance

Shares of StandardAero stock traded down $0.06 on Wednesday, reaching $28.16. The company's stock had a trading volume of 1,062,739 shares, compared to its average volume of 1,649,000. The stock has a 50-day moving average price of $29.85 and a 200-day moving average price of $27.97. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95. StandardAero, Inc. has a 52-week low of $21.31 and a 52-week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. StandardAero's quarterly revenue was up 16.2% compared to the same quarter last year. As a group, sell-side analysts predict that StandardAero, Inc. will post 0.29 EPS for the current year.

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.