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, Wall Street Zen reports.
Several other equities research analysts have also recently weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Jefferies Financial Group set a $25.00 target price on shares of StandardAero in a research report on Thursday, September 24th. Morgan Stanley set a $33.00 price target on shares of StandardAero in a report on Monday, August 10th. Susquehanna reiterated a “negative” rating on shares of StandardAero in a research report on Thursday. Finally, Guggenheim began coverage on shares of StandardAero in a research note on Monday, September 14th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, StandardAero presently has a consensus rating of “Moderate Buy” and an average target price of $34.08.
Read Our Latest Analysis on StandardAero
StandardAero Price Performance
StandardAero (NYSE:SARO – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, research analysts expect that StandardAero will post 1.5 EPS for the current fiscal year.
Insider Transactions at StandardAero
In other StandardAero news, CEO Russell Ford sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $31.42, for a total transaction of $1,256,800.00. Following the completion of the transaction, the chief executive officer owned 315,986 shares of the company’s stock, valued at approximately $9,928,280.12. The trade was a 11.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 111,423 shares of company stock valued at $3,420,960 in the last quarter. Insiders own 2.10% of the company’s stock.
Institutional Investors Weigh In On StandardAero
Hedge funds have recently made changes to their positions in the stock. Carlyle Group Inc. acquired a new position in StandardAero during the 2nd quarter worth approximately $2,529,998,000. BlackRock Inc. acquired a new stake in StandardAero in the second quarter valued at approximately $646,128,000. Allspring Global Investments Holdings LLC boosted its position in StandardAero by 42.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after buying an additional 4,523,693 shares in the last quarter. Jupiter Topco LLC bought a new stake in shares of StandardAero during the second quarter worth $366,857,000. Finally, Janus Henderson Group PLC grew its stake in shares of StandardAero by 7.3% during the first quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after buying an additional 816,276 shares during the last quarter.
StandardAero Company Profile
StandardAero is an aerospace maintenance, repair and overhaul (MRO) company serving commercial aviation, business aviation, general aviation, military and government customers. The company provides services designed to maintain, repair, overhaul and extend the operating life of aircraft and their components.
Its offerings include engine maintenance and overhaul, airframe services, avionics and electrical work, landing-gear and component support, engineering, and parts and logistics services.
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