Shares of StandardAero, Inc. (NYSE:SARO – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $22.26 and last traded at $22.2880, with a volume of 548478 shares. The stock had previously closed at $22.58.
Analyst Ratings Changes
A number of brokerages have weighed in on SARO. Guggenheim initiated coverage on shares of StandardAero in a report on Monday, September 14th. They issued a “neutral” rating for the company. UBS Group boosted their price objective on shares of StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Finally, Bank of America decreased their target price on StandardAero from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.33.
Get Our Latest Research Report on StandardAero
StandardAero Stock Performance
StandardAero (NYSE:SARO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.08. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Research analysts anticipate that StandardAero, Inc. will post 1.51 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Russell Ford sold 20,413 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.56, for a total value of $623,821.28. Following the sale, the chief executive officer owned 295,573 shares of the company’s stock, valued at $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 191,423 shares of company stock valued at $5,847,760 over the last quarter. Insiders own 2.10% of the company’s stock.
Institutional Investors Weigh In On StandardAero
Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of StandardAero in the 2nd quarter worth approximately $55,000. Optiver Holding B.V. bought a new position in shares of StandardAero during the 1st quarter worth approximately $51,000. Nykredit A S acquired a new stake in StandardAero in the 2nd quarter valued at $65,000. GAMMA Investing LLC boosted its stake in StandardAero by 54.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock valued at $90,000 after buying an additional 1,060 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in StandardAero in the 2nd quarter valued at $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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