Alex Trapp Sells 10,000 Shares of StandardAero (NYSE:SARO) Stock

Key Points

• Alex Trapp, an insider at StandardAero, sold 10,000 shares on October 15th for a total of $292,100 at an average price of $29.21.
• StandardAero's stock recently traded down to $27.27 with a market capitalization of $9.12 billion and a price-to-earnings ratio of 66.51.
• Research analysts have mixed ratings on StandardAero, with the consensus rating of "Moderate Buy" and a price target of $34.42.

StandardAero, Inc. (NYSE:SARO - Get Free Report) insider Alex Trapp sold 10,000 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $29.21, for a total transaction of $292,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alex Trapp also recently made the following trade(s):

• On Tuesday, September 23rd, Alex Trapp sold 4,035 shares of StandardAero stock. The shares were sold at an average price of $28.00, for a total transaction of $112,980.00.
• On Friday, September 19th, Alex Trapp sold 2,873 shares of StandardAero stock. The shares were sold at an average price of $28.00, for a total transaction of $80,444.00.
• On Thursday, September 18th, Alex Trapp sold 73,718 shares of StandardAero stock. The shares were sold at an average price of $28.06, for a total transaction of $2,068,527.08.

StandardAero Price Performance

Shares of SARO traded down $0.63 during trading hours on Friday, reaching $27.27. The company had a trading volume of 1,677,697 shares, compared to its average volume of 2,062,020. The firm has a 50 day simple moving average of $27.12 and a 200-day simple moving average of $27.94. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $9.12 billion and a price-to-earnings ratio of 66.51. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month high of $32.58.

StandardAero (NYSE:SARO - Get Free Report) last announced 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). The company had revenue of $1.53 billion during 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%. The business's revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. StandardAero has set its FY 2025 guidance at EPS. Research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On StandardAero

Several hedge funds have recently modified their holdings of SARO. GAMMA Investing LLC boosted its position in shares of 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 during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of StandardAero in the first quarter worth approximately $55,679,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in StandardAero by 83.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock valued at $443,000 after buying an additional 7,578 shares during the period. KBC Group NV purchased a new position in StandardAero in the first quarter valued at approximately $52,000. Finally, Teacher Retirement System of Texas raised its holdings in StandardAero by 102.0% in the first quarter. Teacher Retirement System of Texas now owns 1,525,004 shares of the company's stock valued at $40,626,000 after buying an additional 770,124 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on SARO shares. Susquehanna started coverage on shares of StandardAero in a research note on Wednesday, September 17th. They issued a "positive" rating and a $34.00 price objective on the stock. Truist Financial started coverage on shares of StandardAero in a research note on Friday, October 10th. They issued a "buy" rating and a $35.00 price objective on the stock. Barclays started coverage on shares of StandardAero in a research note on Friday, September 12th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of StandardAero in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of StandardAero from a "hold" rating to a "strong sell" rating in a research note on Tuesday. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, StandardAero presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.42.

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.

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