StandardAero (NYSE:SARO) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• StandardAero has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, signaling caution about its stock performance.
• The company's shares traded down 1.4%, with a current market price of $26.42 and a 12-month range between $21.31 and $33.00.
• StandardAero reported a quarterly earnings miss, posting $0.20 earnings per share, falling short of the $0.21 consensus estimate, despite a 13.5% increase in revenue year-over-year.

StandardAero (NYSE:SARO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

SARO has been the subject of a number of other reports. Barclays initiated coverage on StandardAero in a research note on Friday, September 12th. They issued an "equal weight" rating and a $32.00 price objective for the company. Susquehanna initiated coverage on StandardAero in a research note on Wednesday, September 17th. They issued a "positive" rating and a $34.00 price objective for the company. Truist Financial initiated coverage on StandardAero in a research note on Friday. They issued a "buy" rating and a $35.00 price objective for the company. CIBC dropped their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research note on Tuesday, July 8th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of StandardAero in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, StandardAero has an average rating of "Moderate Buy" and a consensus price target of $34.42.

StandardAero Trading Down 1.4%

Shares of NYSE SARO opened at $26.42 on Friday. StandardAero has a twelve month low of $21.31 and a twelve month high of $33.00. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $27.13 and a 200-day simple moving average of $27.92. The stock has a market capitalization of $8.84 billion and a PE ratio of 64.44.

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 analysts' consensus estimates of $0.21 by ($0.01). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm posted $0.02 earnings per share. The company's quarterly revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. On average, equities analysts forecast that StandardAero will post 0.29 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Alex Trapp sold 73,718 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the completion of the transaction, the insider directly owned 16,908 shares of the company's stock, valued at $474,438.48. The trade was a 81.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 80,626 shares of company stock worth $2,261,951. Insiders own 1.90% of the company's stock.

Institutional Trading of StandardAero

Institutional investors have recently bought and sold shares of the business. Comerica Bank purchased a new stake in StandardAero during the 1st quarter worth about $26,000. First Horizon Advisors Inc. lifted its holdings in shares of StandardAero by 100.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company's stock valued at $32,000 after purchasing an additional 509 shares during the last quarter. Corebridge Financial Inc. lifted its holdings 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 purchasing an additional 344 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 825 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of StandardAero by 798.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company's stock valued at $44,000 after purchasing an additional 1,229 shares during the last quarter.

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.

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.