Wells Fargo & Company Begins Coverage on StandardAero (NYSE:SARO)

Research analysts at Wells Fargo & Company began coverage on shares of StandardAero (NYSE:SARO) in a research note issued to investors on Wednesday. The firm set an “overweight” rating and a $32.00 price target on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 23.76% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein restated an “outperform” rating and set a $39.00 target price on shares of StandardAero in a report on Tuesday, February 24th. UBS Group upped their target price on StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. Zacks Research upgraded StandardAero from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a research note on Monday, December 22nd. Finally, Susquehanna set a $38.00 target price on shares of StandardAero in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

StandardAero Price Performance

NYSE SARO opened at $25.86 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 2.20 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $8.60 billion, a PE ratio of 31.15 and a beta of 1.02. StandardAero has a 12-month low of $21.31 and a 12-month high of $34.48. The company has a 50 day moving average price of $29.48 and a two-hundred day moving average price of $28.41.

StandardAero (NYSE:SARO) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm earned ($0.04) EPS. StandardAero’s revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, equities analysts predict that StandardAero will post 0.29 earnings per share for the current fiscal year.

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

Insider Buying and Selling at StandardAero

In other news, CEO Russell Wayne Ford sold 40,000 shares of the firm’s stock in a transaction on 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 trade represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 200,000 shares of company stock valued at $6,044,000 over the last three months.

Hedge Funds Weigh In On StandardAero

Large investors have recently bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of StandardAero by 0.6% during the second quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock valued at $2,208,000 after buying an additional 416 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of StandardAero by 20.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,411 shares of the company’s stock worth $120,000 after acquiring an additional 751 shares during the period. Comerica Bank acquired a new stake in shares of StandardAero during the 1st quarter worth approximately $26,000. State of Wyoming bought a new stake in shares of StandardAero during the third quarter valued at approximately $27,000. Finally, CWM LLC lifted its position in StandardAero by 46.7% in the third quarter. CWM LLC now owns 3,234 shares of the company’s stock worth $88,000 after purchasing an additional 1,029 shares during the period.

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.