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

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

Several other equities analysts have also issued reports on SARO. UBS Group boosted their price target on StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Morgan Stanley dropped their price target on StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $35.11.

StandardAero Stock Down 0.9%

Shares of StandardAero stock traded down $0.28 during midday trading on Friday, reaching $30.22. The company had a trading volume of 1,255,561 shares, compared to its average volume of 2,261,388. The stock has a fifty day moving average price of $28.03 and a 200 day moving average price of $26.91. 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 has a fifty-two week low of $21.31 and a fifty-two week high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last issued its quarterly 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. StandardAero's revenue was up 16.2% compared to the same quarter last year. On average, sell-side analysts anticipate that StandardAero will post 0.29 earnings per share for the current year.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the completion of the sale, the insider now owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This represents a 13.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 12,983,425 shares of company stock worth $353,519,326 over the last quarter.

Institutional Investors Weigh In On StandardAero

Institutional investors have recently bought and sold shares of the stock. Comerica Bank bought a new stake in StandardAero during the first quarter worth $26,000. Bessemer Group Inc. bought a new position in StandardAero in the 4th quarter valued at $28,000. Corebridge Financial Inc. grew its stake in 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 period. GAMMA Investing LLC grew its stake in 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 period. Finally, KBC Group NV bought a new position in StandardAero in the 1st quarter valued at $52,000.

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.