StandardAero (NYSE:SARO) Raised to Strong-Buy at Truist Financial

Key Points

• Truist Financial upgraded StandardAero to a "Strong-Buy" on Friday, joining other mixed broker views that leave the stock with a consensus rating of "Moderate Buy" and a consensus price target of $34.40.
• StandardAero reported Q results that met EPS estimates ($0.24) with revenue up 13.5% year-over-year and set FY 2026 guidance of $1.35–$1.45 EPS, while the shares trade around $24.53 (PE ~29.6), implying potential upside to analyst targets.
• Insiders have recently sold stock (including the CFO and CEO), largely for tax or personal reasons, even as major institutions like Norges Bank and T. Rowe Price materially increased their stakes during the latest reporting periods.

StandardAero (NYSE:SARO - Get Free Report) was upgraded by equities researchers at Truist Financial to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

A number of other brokerages have also recently commented on SARO. UBS Group increased their target price on shares of StandardAero from $34.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, February 26th. Zacks Research raised shares of StandardAero from a "strong sell" rating to a "strong-buy" rating in a report on Friday, February 27th. Wall Street Zen lowered shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $39.00 target price on shares of StandardAero in a research note on Tuesday, February 24th. Finally, Susquehanna set a $38.00 target price on shares of StandardAero in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, StandardAero has an average rating of "Moderate Buy" and a consensus price target of $34.40.

StandardAero Stock Performance

Shares of NYSE SARO opened at $24.53 on Friday. The company's fifty day moving average price is $27.21 and its 200 day moving average price is $28.23. StandardAero has a 1 year low of $23.83 and a 1 year high of $34.48. The company has a market capitalization of $8.16 billion, a PE ratio of 29.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.57 and a current ratio of 2.20.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the firm posted ($0.04) earnings per share. The company's revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. On average, research analysts predict that StandardAero will post 1.41 earnings per share for the current year.

Insider Buying and Selling

In other StandardAero news, CFO Daniel Satterfield sold 2,306 shares of the business's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total value of $63,092.16. Following the transaction, the chief financial officer directly owned 6,232 shares of the company's stock, valued at approximately $170,507.52. The trade was a 27.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Russell Wayne Ford sold 40,000 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $30.09, for a total transaction of $1,203,600.00. Following the completion of the transaction, the chief executive officer directly owned 606,955 shares in the company, valued at $18,263,275.95. This represents a 6.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 139,337 shares of company stock valued at $4,156,260 over the last ninety days. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of StandardAero during the 4th quarter worth about $217,655,000. Price T Rowe Associates Inc. MD raised its stake in shares of StandardAero by 33.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company's stock valued at $401,525,000 after purchasing an additional 3,540,167 shares during the period. Victory Capital Management Inc. raised its stake in shares of StandardAero by 175.8% during the fourth quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company's stock valued at $144,568,000 after purchasing an additional 3,212,827 shares during the period. Bessemer Group Inc. raised its stake in shares of StandardAero by 447,114.3% during the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company's stock valued at $89,014,000 after purchasing an additional 3,102,973 shares during the period. Finally, State Street Corp raised its stake in shares of StandardAero by 90.7% during the second quarter. State Street Corp now owns 6,047,097 shares of the company's stock valued at $191,391,000 after purchasing an additional 2,875,579 shares during the period.

About StandardAero

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.