StandardAero, Inc. (NYSE:SARO) Receives $32.43 Consensus PT from Analysts

StandardAero, Inc. (NYSE:SARO) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $32.4286.

A number of research analysts have weighed in on SARO shares. Truist Financial began coverage on StandardAero in a research note on Friday, October 10th. They issued a “buy” rating and a $35.00 price target for the company. Susquehanna started coverage on shares of StandardAero in a research note on Wednesday, September 17th. They issued a “positive” rating and a $34.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a report on Monday, November 24th. Bank of America dropped their price target on shares of StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, November 14th. Finally, Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th.

Insider Activity at StandardAero

In other news, insider Alex Trapp sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $29.21, for a total value of $292,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell Wayne Ford sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $30.24, for a total value of $1,209,600.00. Following the transaction, the chief executive officer directly owned 886,955 shares in the company, valued at $26,821,519.20. The trade was a 4.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 90,000 shares of company stock worth $2,708,900 in the last 90 days.

Institutional Trading of StandardAero

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aventura Private Wealth LLC bought a new position in StandardAero in the 4th quarter valued at about $45,000. JPMorgan Chase & Co. increased its stake in shares of StandardAero by 42.9% during the third quarter. JPMorgan Chase & Co. now owns 308,384 shares of the company’s stock worth $8,416,000 after purchasing an additional 92,514 shares during the period. Danske Bank A S bought a new position in shares of StandardAero during the third quarter worth approximately $82,000. Dark Forest Capital Management LP acquired a new stake in StandardAero during the 3rd quarter worth approximately $1,456,000. Finally, Zimmer Partners LP boosted its stake in StandardAero by 129.9% in the 3rd quarter. Zimmer Partners LP now owns 1,000,000 shares of the company’s stock valued at $27,290,000 after purchasing an additional 565,000 shares during the period.

StandardAero Stock Up 0.5%

Shares of SARO stock opened at $30.78 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89. StandardAero has a 1 year low of $21.31 and a 1 year high of $31.97. The firm’s fifty day moving average price is $27.38 and its two-hundred day moving average price is $27.86. The firm has a market capitalization of $10.29 billion, a P/E ratio of 55.96 and a beta of 1.04.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.43 billion. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. On average, equities analysts predict that StandardAero will post 0.29 EPS for the current fiscal year.

StandardAero declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 10th that allows the company to buyback $450.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.