StandardAero, Inc. (NYSE:SARO – Get Free Report) hit a new 52-week low on Wednesday. The company 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.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on SARO. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Wall Street Zen cut StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday. Guggenheim initiated coverage on StandardAero in a report on Monday, September 14th. They set a “neutral” rating for the company. Jefferies Financial Group set a $25.00 target price on StandardAero in a report on Thursday, September 24th. Finally, Susquehanna reissued a “negative” rating on shares of StandardAero in a research report on Thursday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.08.
View Our Latest Analysis on StandardAero
StandardAero Stock Down 3.5%
StandardAero (NYSE:SARO – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Sell-side analysts predict that StandardAero, Inc. will post 1.5 EPS for the current fiscal year.
Insider Activity at StandardAero
In related news, CEO Russell Ford sold 40,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $31.42, for a total value of $1,256,800.00. Following the completion of the transaction, the chief executive officer owned 315,986 shares of the company’s stock, valued at $9,928,280.12. The trade was a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 111,423 shares of company stock valued at $3,420,960 in the last quarter. 2.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On StandardAero
Several hedge funds have recently bought and sold shares of the company. Carlyle Group Inc. bought a new stake in shares of StandardAero during the 2nd quarter worth approximately $2,529,998,000. BlackRock Inc. bought a new position in StandardAero in the second quarter valued at approximately $646,128,000. Allspring Global Investments Holdings LLC increased its stake in StandardAero by 42.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after acquiring an additional 4,523,693 shares during the last quarter. Jupiter Topco LLC acquired a new position in StandardAero during the second quarter valued at approximately $366,857,000. Finally, Janus Henderson Group PLC lifted its stake in StandardAero by 7.3% during the first quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after purchasing an additional 816,276 shares during the last quarter.
StandardAero Company Profile
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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