StandardAero, Inc. (NYSE:SARO) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $35.11.

SARO has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. UBS Group upped their price target on shares of StandardAero from $25.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 828,729 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the completion of the sale, the insider now owns 34,463,633 shares of the company's stock, valued at $940,857,180.90. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 12,983,425 shares of company stock valued at $353,519,326. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of StandardAero

Several hedge funds have recently made changes to their positions in SARO. Comerica Bank purchased a new stake in shares of StandardAero in the 1st quarter valued at approximately $26,000. Bessemer Group Inc. purchased a new stake in shares of StandardAero in the 4th quarter valued at approximately $28,000. Corebridge Financial Inc. grew its stake in shares of StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock valued at $29,000 after buying an additional 344 shares during the period. GAMMA Investing LLC grew its stake in shares of StandardAero by 272.3% in the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the period. Finally, KBC Group NV purchased a new stake in shares of StandardAero in the 1st quarter valued at approximately $52,000.

StandardAero Trading Down 1.6%

Shares of SARO traded down $0.49 during mid-day trading on Thursday, hitting $29.25. 5,803,970 shares of the company were exchanged, compared to its average volume of 2,282,577. StandardAero has a 1-year low of $21.31 and a 1-year high of $34.38. The company has a quick ratio of 1.37, a current ratio of 2.00 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $28.32 and a 200-day moving average of $26.95.

StandardAero (NYSE:SARO - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.51 billion. The business's revenue was up 16.2% on a year-over-year basis. Equities analysts forecast that StandardAero will post 0.29 EPS for the current year.

StandardAero Company Profile

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.