StandardAero (NYSE:SARO) CEO Russell Wayne Ford Sells 40,000 Shares of Stock

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 40,000 shares of StandardAero stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $30.12, for a total value of $1,204,800.00. Following the sale, the chief executive officer owned 726,955 shares of the company’s stock, valued at approximately $21,895,884.60. This represents a 5.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Russell Wayne Ford also recently made the following trade(s):

• On Monday, February 2nd, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.47, for a total transaction of $1,218,800.00.
• On Wednesday, January 7th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.24, for a total transaction of $1,209,600.00.
• On Monday, January 5th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.18, for a total transaction of $1,207,200.00.

StandardAero Stock Performance

NYSE:SARO opened at $30.59 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.18 and a quick ratio of 1.48. The firm has a market cap of $10.23 billion, a PE ratio of 55.62 and a beta of 1.04. The firm has a 50 day simple moving average of $29.65 and a 200-day simple moving average of $28.06. StandardAero, Inc. has a 1-year low of $21.31 and a 1-year high of $34.48.

StandardAero (NYSE:SARO) last announced its earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.43 billion. StandardAero had a net margin of 3.15% and a return on equity of 9.63%. StandardAero’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 earnings per share. On average, equities analysts expect that StandardAero, Inc. will post 0.29 EPS for the current year.

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

Institutional Trading of StandardAero

Several large investors have recently bought and sold shares of the company. Comerica Bank purchased a new stake in shares of StandardAero during the first quarter valued at approximately $26,000. Royal Bank of Canada grew its holdings in StandardAero by 418.8% during the 1st quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock valued at $3,682,000 after purchasing an additional 111,617 shares in the last quarter. AQR Capital Management LLC acquired a new stake in StandardAero during the 1st quarter valued at $521,000. Goldman Sachs Group Inc. purchased a new stake in StandardAero during the 1st quarter worth $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in StandardAero in the 1st quarter worth $12,343,000.

Wall Street Analysts Forecast Growth

SARO has been the subject of several research analyst reports. Zacks Research lowered shares of StandardAero from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. UBS Group dropped their price target on StandardAero from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price objective on shares of StandardAero in a research note on Thursday, January 29th. Bank of America decreased their target price on StandardAero from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 14th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.00.

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.