StandardAero (NYSE:SARO) Upgraded by Wall Street Zen to Buy Rating

Key Points

• StandardAero was upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating positive market sentiment towards the stock.
• The stock opened at $26.75, with a 12-month low of $21.31 and a high of $34.38; its consensus rating is "Moderate Buy" with an average price target of $34.36.
• Insider activity includes the sale of over 80,000 shares by insiders in the last quarter, suggesting potential caution from those within the company.

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

A number of other equities research analysts have also issued reports on the stock. Barclays assumed coverage on shares of StandardAero in a report on Friday, September 12th. They set an "equal weight" rating and a $32.00 target price for the company. CIBC cut their price objective on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Finally, Susquehanna began coverage on StandardAero in a report on Wednesday, September 17th. They issued a "positive" rating and a $34.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, StandardAero has a consensus rating of "Moderate Buy" and an average price target of $34.36.

StandardAero Stock Up 2.0%

SARO opened at $26.75 on Friday. StandardAero 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 50-day moving average price of $27.46 and a 200 day moving average price of $28.05. The company has a market cap of $8.95 billion and a PE ratio of 65.23.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. Sell-side analysts expect that StandardAero will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Alex Trapp sold 4,035 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $28.00, for a total value of $112,980.00. Following the transaction, the insider owned 10,000 shares of the company's stock, valued at $280,000. This represents a 28.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 80,626 shares of company stock valued at $2,261,951 in the last quarter. 1.90% of the stock is owned by insiders.

Institutional Trading of StandardAero

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of StandardAero during the fourth quarter valued at about $79,000. Bank of America Corp DE purchased a new position in shares of StandardAero during the 4th quarter worth approximately $1,120,000. Millennium Management LLC purchased a new position in shares of StandardAero during the 4th quarter worth approximately $3,367,000. Nuveen Asset Management LLC acquired a new stake in StandardAero in the 4th quarter valued at approximately $2,687,000. Finally, Two Sigma Investments LP purchased a new stake in StandardAero in the fourth quarter valued at approximately $879,000.

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.

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