StandardAero (NYSE:SARO) Insider Alex Trapp Sells 2,873 Shares

Key Points

• Insider Selling: StandardAero insider Alex Trapp sold 2,873 shares at an average price of $28.00, totaling $80,444, which reduced their ownership by 16.99%.
• Stock Performance: StandardAero’s stock is currently priced at $27.82, reflecting a 0.9% increase, with a market capitalization of $9.30 billion.
• Earnings Report: The company reported a quarterly EPS of $0.20, which missed analysts' estimates of $0.21, despite a 13.5% increase in revenue year-over-year.

StandardAero, Inc. (NYSE:SARO - Get Free Report) insider Alex Trapp sold 2,873 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $28.00, for a total transaction of $80,444.00. Following the transaction, the insider directly owned 14,035 shares of the company's stock, valued at $392,980. The trade was a 16.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Alex Trapp also recently made the following trade(s):

• On Thursday, September 18th, Alex Trapp sold 73,718 shares of StandardAero stock. The stock was sold at an average price of $28.06, for a total transaction of $2,068,527.08.

StandardAero Stock Down 2.2%

StandardAero stock traded down $0.62 during mid-day trading on Tuesday, reaching $27.16. 936,211 shares of the company's stock were exchanged, compared to its average volume of 2,240,880. The company has a market cap of $9.08 billion and a P/E ratio of 66.25. StandardAero, Inc. has a twelve month low of $21.31 and a twelve month high of $34.38. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The company has a fifty day moving average of $27.77 and a 200-day moving average of $28.08.

StandardAero (NYSE:SARO - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.StandardAero's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Sell-side analysts expect that StandardAero, Inc. will post 0.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carlyle Group Inc. grew its position in StandardAero by 1,912.5% during the first quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock worth $3,579,159,000 after buying an additional 127,676,968 shares during the period. GAMMA Investing LLC increased its stake in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of StandardAero by 83.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after purchasing an additional 7,578 shares in the last quarter. Rhumbline Advisers increased its stake in shares of StandardAero by 45.9% during the 1st quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock worth $1,954,000 after purchasing an additional 23,086 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of StandardAero during the 1st quarter worth approximately $52,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. CIBC reduced their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a report on Tuesday, July 8th. Barclays assumed coverage on shares of StandardAero in a report on Friday, September 12th. They issued an "equal weight" rating and a $32.00 price objective on the stock. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Susquehanna initiated coverage on shares of StandardAero in a research note on Wednesday, September 17th. They set a "positive" rating and a $34.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.36.

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.