Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $21.47 and last traded at $21.7410, with a volume of 5072190 shares traded. The stock had previously closed at $22.22.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Guggenheim began coverage on shares of StandardAero in a research report on Monday, September 14th. They issued a "neutral" rating for the company. UBS Group upped their price target on shares of StandardAero from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of StandardAero from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Morgan Stanley set a $33.00 price objective on StandardAero in a report on Monday, August 10th. Finally, Weiss Ratings cut shares of StandardAero from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.
Get Our Latest Stock Report on SARO
StandardAero Price Performance
The company has a fifty day simple moving average of $25.86 and a 200-day simple moving average of $26.39. The company has a market cap of $7.19 billion, a P/E ratio of 22.41 and a beta of 0.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.13 and a quick ratio of 1.59.
StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $0.20 EPS. The company's revenue was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, sell-side analysts predict that StandardAero, Inc. will post 1.5 earnings per share for the current year.
Insiders Place Their Bets
In other StandardAero news, CEO Russell Ford sold 40,000 shares of StandardAero stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $31.42, for a total transaction of $1,256,800.00. Following the transaction, the chief executive officer directly owned 315,986 shares in the company, valued at approximately $9,928,280.12. The trade was a 11.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 151,423 shares of company stock worth $4,638,560. Insiders own 2.10% of the company's stock.
Hedge Funds Weigh In On StandardAero
Several institutional investors and hedge funds have recently bought and sold shares of the business. Carlyle Group Inc. acquired a new stake in shares of StandardAero in the 2nd quarter valued at $2,529,998,000. BlackRock Inc. acquired a new position in StandardAero during the second quarter worth $646,128,000. Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 4,523,693 shares in the last quarter. Jupiter Topco LLC bought a new position in StandardAero during the second quarter valued at about $366,857,000. Finally, Janus Henderson Group PLC lifted its position in shares of 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 buying 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.
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