Zimmer Partners LP Boosts Holdings in StandardAero, Inc. $SARO

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 lifted its stake in shares of StandardAero, Inc. (NYSE:SARO - Free Report) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Zimmer Partners LP owned about 0.06% of StandardAero worth $5,328,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Carlyle Group Inc. raised its holdings 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 worth $3,579,159,000 after acquiring an additional 127,676,968 shares during the last quarter. GAMMA Investing LLC raised its stake 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 period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after buying an additional 7,578 shares in the last quarter. Rhumbline Advisers boosted its position in shares of StandardAero by 45.9% during the 1st quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock valued at $1,954,000 after acquiring an additional 23,086 shares during the last quarter. Finally, KBC Group NV purchased a new position in StandardAero in the 1st quarter worth $52,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SARO. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Barclays initiated coverage on shares of StandardAero in a report on Friday. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, CIBC dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.40.

StandardAero Stock Down 0.6%

Shares of SARO stock traded down $0.16 during mid-day trading on Friday, hitting $27.19. The company's stock had a trading volume of 923,906 shares, compared to its average volume of 2,265,046. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15. The business has a 50-day moving average price of $28.18 and a 200 day moving average price of $28.06. 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 $9.09 billion and a price-to-earnings ratio of 66.32.

StandardAero (NYSE:SARO - Get Free Report) last announced 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). The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. StandardAero had a net margin of 2.37% and a return on equity of 8.87%. StandardAero's quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Research analysts predict that StandardAero, Inc. will post 0.29 EPS for the current fiscal 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.