StandardAero (NYSE:SARO) Now Covered by Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of StandardAero (NYSE:SARO) in a research report issued on Wednesday. The firm set an “overweight” rating and a $32.00 price target on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 23.76% from the company’s current price.

Several other brokerages have also recently commented on SARO. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 target price on shares of StandardAero in a report on Thursday, January 29th. Zacks Research upgraded shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $39.00 price target on shares of StandardAero in a report on Tuesday, February 24th. Finally, Susquehanna set a $38.00 price objective on StandardAero in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.67.

StandardAero Trading Up 2.5%

Shares of SARO stock opened at $25.86 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.20 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $8.60 billion, a P/E ratio of 31.15 and a beta of 1.02. StandardAero has a 12-month low of $21.31 and a 12-month high of $34.48. The firm has a 50-day moving average price of $29.48 and a 200 day moving average price of $28.41.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business posted ($0.04) earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. Research analysts forecast that StandardAero will post 0.29 earnings per share for the current fiscal year.

StandardAero declared that its board has authorized a stock repurchase plan on Wednesday, December 10th that authorizes the company to repurchase $450.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $30.09, for a total value of $1,203,600.00. Following the completion of the sale, the chief executive officer directly owned 606,955 shares of the company’s stock, valued at $18,263,275.95. This represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 200,000 shares of company stock worth $6,044,000.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SARO. Parnassus Investments LLC grew its holdings in shares of StandardAero by 120.9% in the 3rd quarter. Parnassus Investments LLC now owns 1,139,581 shares of the company’s stock valued at $31,099,000 after buying an additional 623,652 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in StandardAero during the 3rd quarter worth $1,241,000. ArrowMark Colorado Holdings LLC raised its stake in StandardAero by 45.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 2,428,485 shares of the company’s stock worth $66,273,000 after buying an additional 759,694 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in StandardAero during the third quarter worth about $1,479,000. Finally, Fortress Investment Group LLC grew its stake in StandardAero by 35.1% in the third quarter. Fortress Investment Group LLC now owns 945,400 shares of the company’s stock valued at $25,800,000 after acquiring an additional 245,400 shares during the period.

StandardAero Company Profile

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.