StandardAero, Inc. $SARO Position Increased by Zimmer Partners LP

Key Points

• Zimmer Partners LP increased its holdings in StandardAero, Inc. (NYSE:SARO) by 33.3% in Q1, acquiring an additional 50,000 shares, bringing their total to 200,000 shares valued at approximately $5.33 million.
• StandardAero's latest earnings report revealed a miss on EPS estimates, reporting $0.20 compared to expectations of $0.21, while revenues increased by 13.5% year-over-year.
• Wall Street analysts have varying ratings for SARO, with an average target price of $34.67 and several firms adjusting their price objectives following recent performance updates.

Zimmer Partners LP boosted its holdings in StandardAero, Inc. (NYSE:SARO - Free Report) by 33.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 200,000 shares of the company's stock after buying an additional 50,000 shares during the period. Zimmer Partners LP owned 0.06% of StandardAero worth $5,328,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SARO. Comerica Bank purchased a new stake in StandardAero in the 1st quarter worth $26,000. Corebridge Financial Inc. increased its stake in StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after buying an additional 344 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after purchasing an additional 825 shares during the last quarter. KBC Group NV bought a new position in shares of StandardAero during the 1st quarter valued at about $52,000. Finally, BNP Paribas Financial Markets bought a new position in shares of StandardAero during the 4th quarter valued at about $79,000.

StandardAero Stock Down 0.6%

NYSE:SARO traded down $0.16 during trading hours on Friday, hitting $27.19. The company's stock had a trading volume of 923,906 shares, compared to its average volume of 1,384,587. The stock has a market capitalization of $9.09 billion and a P/E ratio of 66.32. The stock has a fifty day moving average of $28.10 and a 200-day moving average of $28.07. The company has a current ratio of 2.15, a quick ratio of 1.49 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.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. CIBC dropped their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Barclays initiated coverage on shares of StandardAero in a research report on Friday. They set an "equal weight" rating and a $32.00 target price on the stock. Finally, Wall Street Zen lowered shares of 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 issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and a consensus target price of $34.40.

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.