StandardAero, Inc. (NYSE:SARO - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $22.96 and last traded at $23.2950, with a volume of 4776956 shares traded. The stock had previously closed at $23.60.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Weiss Ratings lowered StandardAero from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday. Guggenheim began coverage on StandardAero in a report on Monday. They issued a "neutral" rating on the stock. Jefferies Financial Group downgraded StandardAero from a "buy" rating to a "hold" rating and dropped their target price for the stock from $34.00 to $30.00 in a report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on StandardAero from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded StandardAero from a "hold" rating to a "buy" rating in a report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.
Get Our Latest Research Report on SARO
StandardAero Trading Down 1.3%
The firm's 50 day moving average price is $26.83 and its 200-day moving average price is $26.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.13 and a quick ratio of 1.59. The stock has a market cap of $7.71 billion, a P/E ratio of 24.02 and a beta of 0.85.
StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities research analysts forecast that StandardAero, Inc. will post 1.51 earnings per share for the current year.
Insider Buying and Selling at StandardAero
In other news, CEO Russell Ford sold 40,000 shares of the business's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $30.44, for a total value of $1,217,600.00. Following the completion of the transaction, the chief executive officer owned 486,955 shares in the company, valued at $14,822,910.20. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 191,423 shares of company stock valued at $5,847,760 in the last three months. 2.10% of the stock is owned by insiders.
Hedge Funds Weigh In On StandardAero
A number of hedge funds have recently bought and sold shares of the business. Carlyle Group Inc. bought a new stake in shares of StandardAero in the second quarter worth approximately $2,529,998,000. BlackRock Inc. bought a new position in StandardAero during the second quarter valued at approximately $646,128,000. Allspring Global Investments Holdings LLC lifted its position in StandardAero by 42.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company's stock valued at $395,890,000 after purchasing an additional 4,523,693 shares during the period. Jupiter Topco LLC purchased a new stake in StandardAero in the second quarter worth approximately $366,857,000. Finally, Janus Henderson Group PLC boosted its holdings in StandardAero by 7.3% in the first quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company's stock worth $311,002,000 after purchasing an additional 816,276 shares during the last quarter.
StandardAero Company Profile
(
Get Free Report)
StandardAero is an aviation maintenance, repair and overhaul (MRO) company that provides services for commercial, business and general aviation, military and government, and industrial aviation customers. Its offerings are designed to support the operation, reliability and service life of aircraft and aviation systems.
The company's capabilities include maintenance, repair and overhaul services for aircraft engines, airframes, avionics and components. StandardAero also provides engine modifications, engine upgrades, engineering and technical services, parts support, and other specialized maintenance solutions for a range of aviation platforms.
StandardAero serves customers internationally through a network of facilities across North America, Europe and the Asia-Pacific region.
Further Reading
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