FNY Investment Advisers LLC Acquires Shares of 15,000 StandardAero, Inc. $SARO

FNY Investment Advisers LLC acquired a new stake in shares of StandardAero, Inc. (NYSE:SARO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,000 shares of the company’s stock, valued at approximately $474,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Corebridge Financial Inc. lifted its stake in StandardAero by 46.8% during the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock valued at $29,000 after acquiring an additional 344 shares during the period. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 825 shares during the period. Cerity Partners LLC lifted its stake in StandardAero by 1.3% during the 1st quarter. Cerity Partners LLC now owns 69,342 shares of the company’s stock valued at $1,847,000 after acquiring an additional 863 shares during the period. Comerica Bank acquired a new position in shares of StandardAero in the 1st quarter valued at $26,000. Finally, MetLife Investment Management LLC lifted its stake in shares of StandardAero by 53.4% in the 1st quarter. MetLife Investment Management LLC now owns 3,358 shares of the company’s stock valued at $89,000 after purchasing an additional 1,169 shares during the period.

StandardAero Stock Performance

NYSE:SARO opened at $28.41 on Wednesday. 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 company has a fifty day moving average of $27.09 and a two-hundred day moving average of $27.99. The stock has a market capitalization of $9.50 billion and a PE ratio of 69.29. StandardAero, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $32.19.

StandardAero (NYSE:SARO) last posted its quarterly earnings data 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 analyst estimates of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. As a group, research analysts forecast that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Alex Trapp sold 10,000 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $29.21, for a total transaction of $292,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 90,626 shares of company stock worth $2,554,051 over the last ninety days.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. CIBC decreased their target price on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating for the company in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of StandardAero in a research note on Wednesday, October 8th. Zacks Research cut shares of StandardAero from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Barclays assumed coverage on shares of StandardAero in a research note on Friday, September 12th. They issued an “equal weight” rating and a $32.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.42.

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.