StandardAero, Inc. (NYSE:SARO – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $23.78 and last traded at $23.76, with a volume of 844992 shares changing hands. The stock had previously closed at $24.22.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Weiss Ratings upgraded StandardAero from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Jefferies Financial Group cut StandardAero from a “buy” rating to a “hold” rating and cut their price objective for the company from $34.00 to $30.00 in a report on Tuesday, June 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of StandardAero in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of StandardAero from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, StandardAero currently has a consensus rating of “Moderate Buy” and an average target price of $34.77.
Read Our Latest Analysis on SARO
StandardAero Stock Down 2.4%
StandardAero (NYSE:SARO – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Equities research analysts forecast that StandardAero, Inc. will post 1.51 earnings per share for the current year.
Insider Buying and Selling at StandardAero
In related news, CEO Russell Ford sold 20,413 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.56, for a total value of $623,821.28. Following the completion of the transaction, the chief executive officer owned 295,573 shares in the company, valued at $9,032,710.88. The trade was a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 191,423 shares of company stock valued at $5,847,760 over the last three months. Company insiders own 2.10% of the company’s stock.
Institutional Investors Weigh In On StandardAero
Several hedge funds and other institutional investors have recently made changes to their positions in SARO. Scholtz & Company LLC acquired a new stake in StandardAero in the second quarter worth about $3,960,000. WINTON GROUP Ltd grew its stake in shares of StandardAero by 19.0% during the 2nd quarter. WINTON GROUP Ltd now owns 113,814 shares of the company’s stock worth $3,404,000 after acquiring an additional 18,206 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of StandardAero by 68.5% in the second quarter. NewEdge Advisors LLC now owns 24,988 shares of the company’s stock worth $747,000 after purchasing an additional 10,154 shares in the last quarter. Arizona State Retirement System lifted its position in shares of StandardAero by 12.4% in the second quarter. Arizona State Retirement System now owns 60,870 shares of the company’s stock worth $1,821,000 after purchasing an additional 6,704 shares in the last quarter. Finally, Nykredit A S acquired a new position in StandardAero during the second quarter worth $65,000.
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.
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