Alex Trapp Sells 4,035 Shares of StandardAero (NYSE:SARO) Stock

Key Points

• Insider Alex Trapp sold a total of 4,035 shares of StandardAero stock for approximately $112,980, bringing his total ownership down to 10,000 shares.
• StandardAero recently reported its earnings, posting a quarterly revenue of $1.53 billion, which was above analyst estimates, although its EPS of $0.20 missed projections by $0.01.
• Several equity analysts have recently provided mixed ratings for StandardAero, with consensus rating being a "Moderate Buy" and a target price of $34.36.

StandardAero, Inc. (NYSE:SARO - Get Free Report) insider Alex Trapp sold 4,035 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $28.00, for a total value of $112,980.00. Following the sale, the insider owned 10,000 shares in the company, valued at approximately $280,000. This trade represents a 28.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value 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 value of $2,068,527.08.

StandardAero Price Performance

NYSE:SARO traded up $0.02 during trading hours on Thursday, reaching $26.20. 1,237,821 shares of the company traded hands, compared to its average volume of 2,235,766. The firm's 50-day moving average is $27.62 and its 200-day moving average is $28.06. The stock has a market cap of $8.76 billion and a P/E ratio of 63.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $0.02 EPS. StandardAero's quarterly revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. Equities research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of StandardAero

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank acquired a new position in StandardAero in the first quarter valued at approximately $26,000. Corebridge Financial Inc. boosted its stake in StandardAero by 46.8% in the first 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 boosted its stake in StandardAero by 272.3% in the first 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. First Horizon Advisors Inc. boosted its stake in StandardAero by 100.4% in the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company's stock valued at $32,000 after acquiring an additional 509 shares during the period. Finally, Parallel Advisors LLC boosted its stake in StandardAero by 798.1% in the second quarter. Parallel Advisors LLC now owns 1,383 shares of the company's stock valued at $44,000 after acquiring an additional 1,229 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Susquehanna assumed coverage on shares of StandardAero in a research note on Wednesday, September 17th. They set a "positive" rating and a $34.00 price target on the stock. CIBC lowered their target price on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Barclays initiated coverage on StandardAero in a research note on Friday, September 12th. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.36.

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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