StandardAero, Inc. (NYSE:SARO – Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as $22.26 and last traded at $22.2880, with a volume of 548478 shares trading hands. The stock had previously closed at $22.58.
Analyst Ratings Changes
A number of brokerages recently issued reports on SARO. Guggenheim started coverage on StandardAero in a research note on Monday, September 14th. They set a “neutral” rating for the company. JPMorgan Chase & Co. upped their price objective on StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. UBS Group increased their target price on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings downgraded StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Finally, Jefferies Financial Group cut shares of StandardAero from a “buy” rating to a “hold” rating and cut their price target for the stock from $34.00 to $30.00 in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.75.
Read Our Latest Stock Analysis on StandardAero
StandardAero Trading Down 0.6%
StandardAero (NYSE:SARO – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, sell-side analysts predict that StandardAero, Inc. will post 1.51 EPS for the current fiscal year.
Insider Activity
In other news, CEO Russell Ford sold 40,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $30.44, for a total transaction of $1,217,600.00. Following the transaction, the chief executive officer directly owned 486,955 shares in the company, valued at approximately $14,822,910.20. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 191,423 shares of company stock worth $5,847,760 in the last 90 days. 2.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On StandardAero
A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of StandardAero in the 2nd quarter valued at $55,000. Optiver Holding B.V. bought a new position in shares of StandardAero in the 1st quarter worth $51,000. Nykredit A S purchased a new stake in shares of StandardAero during the 2nd quarter worth $65,000. GAMMA Investing LLC lifted its stake in shares of StandardAero by 54.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock worth $90,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Danske Bank A S bought a new stake in StandardAero during the second quarter valued at about $111,000.
StandardAero Company Profile
StandardAero is an aviation maintenance, repair and overhaul (MRO) company that provides services for commercial, business and general aviation, military and government, and industrial aviation customers. Its offerings are designed to support the operation, reliability and service life of aircraft and aviation systems.
The company’s capabilities include maintenance, repair and overhaul services for aircraft engines, airframes, avionics and components. StandardAero also provides engine modifications, engine upgrades, engineering and technical services, parts support, and other specialized maintenance solutions for a range of aviation platforms.
StandardAero serves customers internationally through a network of facilities across North America, Europe and the Asia-Pacific region.
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