StandardAero (NYSE:SARO) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of StandardAero (NYSE:SARO) in a report published on Wednesday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $32.00 price target on the stock.

A number of other research firms also recently issued reports on SARO. Susquehanna set a $38.00 price target on shares of StandardAero in a research note on Thursday, January 15th. Zacks Research upgraded StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Sanford C. Bernstein reissued an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research report on Tuesday, February 24th. UBS Group raised their target price on StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen upgraded StandardAero from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, StandardAero has a consensus rating of “Moderate Buy” and a consensus price target of $34.70.

StandardAero Stock Up 0.1%

Shares of StandardAero stock opened at $26.28 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $29.11 and its two-hundred day simple moving average is $28.37. The company has a market cap of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35. StandardAero has a 12-month low of $21.31 and a 12-month high of $34.48.

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

StandardAero declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 10th that allows the company to buyback $450.00 million in shares. This buyback authorization allows the company to repurchase up to 5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $30.09, for a total value of $1,203,600.00. Following the sale, the chief executive officer owned 606,955 shares in the company, valued at approximately $18,263,275.95. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 200,000 shares of company stock worth $6,044,000 over the last 90 days. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On StandardAero

Several large investors have recently made changes to their positions in SARO. Parnassus Investments LLC raised its stake in StandardAero by 120.9% during the third 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 last quarter. Dynamic Technology Lab Private Ltd bought a new stake in StandardAero in the third quarter worth $1,241,000. ArrowMark Colorado Holdings LLC grew its stake in shares of StandardAero by 45.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 2,428,485 shares of the company’s stock worth $66,273,000 after acquiring an additional 759,694 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of StandardAero in the third quarter worth $1,479,000. Finally, Fortress Investment Group LLC increased its holdings in shares of StandardAero by 35.1% during 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 in the last quarter.

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.