Alex Trapp Sells 73,718 Shares of StandardAero (NYSE:SARO) Stock

Key Points

• Insider Alex Trapp sold 73,718 shares of StandardAero stock on September 18th at an average price of $28.06, totaling over $2 million, significantly reducing his ownership by 81.34%.
• StandardAero's recent earnings report revealed a missed earnings estimate of $0.21, reporting $0.20 earnings per share, despite a year-over-year revenue increase of 13.5% to $1.53 billion.
• Analysts have mixed ratings on StandardAero, with a consensus rating of "Moderate Buy" and an average target price of $34.36, alongside significant hedge fund activity increasing ownership in the company.

StandardAero, Inc. (NYSE:SARO - Get Free Report) insider Alex Trapp sold 73,718 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $28.06, for a total value of $2,068,527.08. Following the completion of the sale, the insider owned 16,908 shares of the company's stock, valued at $474,438.48. This trade represents a 81.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.

StandardAero Price Performance

Shares of SARO stock traded up $0.24 during trading hours on Monday, reaching $27.82. The company had a trading volume of 1,161,100 shares, compared to its average volume of 2,248,657. 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 stock has a fifty day moving average of $27.82 and a 200-day moving average of $28.08. The company has a market capitalization of $9.30 billion and a price-to-earnings ratio of 67.84. StandardAero, Inc. has a 12-month low of $21.31 and a 12-month high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company's revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Hedge Funds Weigh In On StandardAero

Several hedge funds have recently made changes to their positions in the company. Hudson Bay Capital Management LP grew its holdings in shares of StandardAero by 97.8% during the second quarter. Hudson Bay Capital Management LP now owns 237,351 shares of the company's stock worth $7,512,000 after purchasing an additional 117,351 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of StandardAero by 836.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,345 shares of the company's stock worth $138,000 after purchasing an additional 3,881 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of StandardAero during the second quarter worth about $222,000. Rafferty Asset Management LLC grew its holdings in shares of StandardAero by 44.7% during the second quarter. Rafferty Asset Management LLC now owns 34,046 shares of the company's stock worth $1,078,000 after buying an additional 10,524 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of StandardAero by 53.0% during the second quarter. Lazard Asset Management LLC now owns 193,911 shares of the company's stock worth $6,136,000 after buying an additional 67,138 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on SARO. Barclays began coverage on StandardAero in a research note on Friday, September 12th. They set an "equal weight" rating and a $32.00 price target on the stock. Susquehanna began coverage on StandardAero in a research note on Wednesday, September 17th. They set a "positive" rating and a $34.00 price target on the stock. Wall Street Zen cut StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, CIBC reduced their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. One 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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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