StandardAero, Inc. (NYSE:SARO) Given Consensus Recommendation of "Moderate Buy" by Analysts

StandardAero, Inc. (NYSE:SARO - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $34.6667.

SARO has been the subject of several recent analyst reports. CIBC reduced their target price on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Wall Street Zen cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, UBS Group increased their price objective on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th.

StandardAero Stock Up 0.2%

Shares of SARO opened at $28.15 on Friday. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.38. The stock has a 50 day moving average price of $29.81 and a two-hundred day moving average price of $28.00. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.00 and a quick ratio of 1.37.

StandardAero (NYSE:SARO - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.51 billion. The firm's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts forecast that StandardAero will post 0.29 earnings per share for the current year.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero 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 sale, the insider owned 34,463,633 shares of the company's stock, valued at approximately $940,857,180.90. The trade was a 2.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Trading of StandardAero

A number of large investors have recently bought and sold shares of SARO. Corebridge Financial Inc. boosted its holdings in StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after buying an additional 344 shares during the period. First Horizon Advisors Inc. raised its holdings in StandardAero by 100.4% during the 2nd 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. GAMMA Investing LLC lifted its position in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after acquiring an additional 825 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of StandardAero by 1.3% in the first quarter. Cerity Partners LLC now owns 69,342 shares of the company's stock worth $1,847,000 after acquiring an additional 863 shares during the period. Finally, Comerica Bank bought a new position in shares of StandardAero in the first quarter worth $26,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.