StandardAero (NYSE:SARO) Stock Rating Upgraded by Wells Fargo & Company

StandardAero (NYSE:SARO) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. UBS Group lifted their price objective on StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of StandardAero in a research report on Monday, December 22nd. Zacks Research raised StandardAero from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.70.

StandardAero Trading Up 1.7%

Shares of SARO opened at $26.28 on Tuesday. StandardAero has a twelve month low of $21.31 and a twelve month high of $34.48. 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 firm has a market capitalization of $8.74 billion, a P/E ratio of 31.67 and a beta of 1.35. The firm’s 50-day moving average is $29.37 and its two-hundred day moving average is $28.39.

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

StandardAero announced that its board has approved a share repurchase program on Wednesday, December 10th that authorizes the company to buyback $450.00 million in shares. This buyback authorization authorizes the company to buy up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

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 transaction, the chief executive officer directly owned 606,955 shares in the company, valued at approximately $18,263,275.95. This represents a 6.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 200,000 shares of company stock valued at $6,044,000. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On StandardAero

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of StandardAero by 0.6% during the second quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock worth $2,208,000 after buying an additional 416 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in StandardAero by 20.5% during the third 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 last quarter. Comerica Bank acquired a new stake in StandardAero during the first quarter worth approximately $26,000. State of Wyoming purchased a new stake in StandardAero in the 3rd quarter worth approximately $27,000. Finally, CWM LLC grew its stake in StandardAero by 46.7% in the 3rd quarter. CWM LLC now owns 3,234 shares of the company’s stock worth $88,000 after acquiring 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.