StandardAero, Inc. (NYSE:SARO – Get Free Report)’s share price hit a new 52-week low on Wednesday. The stock traded as low as $20.46 and last traded at $20.4640, with a volume of 105856 shares. The stock had previously closed at $20.94.
Analyst Ratings Changes
SARO has been the subject of several recent research reports. Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Bank of America dropped their target price on StandardAero from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. Jefferies Financial Group set a $25.00 target price on StandardAero in a research note on Thursday, September 24th. Morgan Stanley set a $33.00 price target on StandardAero in a report on Monday, August 10th. Finally, UBS Group boosted their price target on shares of StandardAero from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, StandardAero currently has an average rating of “Moderate Buy” and an average price target of $34.08.
Get Our Latest Analysis on StandardAero
StandardAero Stock Up 0.4%
StandardAero (NYSE:SARO – Get Free Report) last posted 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. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities analysts predict that StandardAero, Inc. will post 1.5 earnings per share for the current year.
Insider Activity
In related news, CEO Russell Ford sold 20,413 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the completion of the sale, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at approximately $9,032,710.88. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 111,423 shares of company stock worth $3,420,960. 2.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SARO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of StandardAero by 19.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 437,138 shares of the company’s stock valued at $13,075,000 after acquiring an additional 72,089 shares during the period. Carlyle Group Inc. purchased a new position in shares of StandardAero during the 2nd quarter worth approximately $2,529,998,000. Bank of America Corp DE acquired a new stake in StandardAero in the 2nd quarter valued at approximately $178,878,000. BlackRock Inc. acquired a new stake in StandardAero in the 2nd quarter valued at approximately $646,128,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in StandardAero in the second quarter valued at approximately $11,376,000.
About StandardAero
StandardAero is an aerospace maintenance, repair and overhaul (MRO) company serving commercial aviation, business aviation, general aviation, military and government customers. The company provides services designed to maintain, repair, overhaul and extend the operating life of aircraft and their components.
Its offerings include engine maintenance and overhaul, airframe services, avionics and electrical work, landing-gear and component support, engineering, and parts and logistics services.
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