StandardAero, Inc. (NYSE:SARO – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $19.78 and last traded at $19.8510, with a volume of 306,665 shares. The stock had previously closed at $19.91.
Wall Street Analyst Weigh In
Several research firms recently commented on SARO. Guggenheim initiated coverage on shares of StandardAero in a research report on Monday, September 14th. They issued a “neutral” rating on the stock. Morgan Stanley set a $33.00 price target on StandardAero in a research report on Monday, August 10th. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. 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 research note on Friday, August 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of StandardAero in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, StandardAero currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.
Check Out Our Latest Stock Analysis on StandardAero
StandardAero Stock Performance
StandardAero (NYSE:SARO – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. StandardAero’s 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. On average, equities analysts expect that StandardAero, Inc. will post 1.50 earnings per share for the current year.
Insider Activity
In other StandardAero news, CEO Russell Ford sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were 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 directly owned 315,986 shares in the company, valued at approximately $9,928,280.12. This represents a 11.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 111,423 shares of company stock valued at $3,420,960 over the last three months. Corporate insiders own 2.10% of the company’s stock.
Institutional Trading of StandardAero
Several institutional investors have recently added to or reduced their stakes in the stock. Carlyle Group Inc. purchased a new position in shares of StandardAero in the second quarter valued at $2,529,998,000. BlackRock Inc. bought a new position in StandardAero in the 2nd quarter worth about $646,128,000. Jupiter Topco LLC bought a new stake in shares of StandardAero during the 2nd quarter valued at about $366,857,000. Bank of America Corp DE purchased a new position in StandardAero in the 2nd quarter worth approximately $178,878,000. Finally, Findlay Park Partners LLP bought a new stake in shares of StandardAero during the 2nd quarter worth $150,523,000.
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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