StandardAero (NYSE:SARO) Stock Rating Lowered by Wall Street Zen

StandardAero (NYSE:SARO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently issued reports on the company. UBS Group increased their target price on StandardAero from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley dropped their price target on StandardAero from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.11.

StandardAero Stock Performance

Shares of NYSE:SARO opened at $30.38 on Friday. The business has a 50 day moving average price of $27.77 and a 200 day moving average price of $26.88. StandardAero has a twelve month low of $21.31 and a twelve month high of $34.38.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts forecast that StandardAero will post 0.29 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 6,629,834 shares of StandardAero stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the transaction, the insider now owns 40,817,224 shares of the company’s stock, valued at $1,108,595,803.84. This trade represents a 13.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 12,983,425 shares of company stock valued at $353,519,326. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. DLD Asset Management LP bought a new position in StandardAero in the first quarter valued at approximately $1,332,000. Rhumbline Advisers lifted its stake in StandardAero by 45.9% in the first quarter. Rhumbline Advisers now owns 73,365 shares of the company’s stock valued at $1,954,000 after buying an additional 23,086 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in StandardAero in the first quarter valued at approximately $12,343,000. Woodline Partners LP lifted its stake in StandardAero by 71.7% in the first quarter. Woodline Partners LP now owns 655,553 shares of the company’s stock valued at $17,464,000 after buying an additional 273,697 shares in the last quarter. Finally, Yaupon Capital Management LP lifted its stake in StandardAero by 308.6% in the first quarter. Yaupon Capital Management LP now owns 525,000 shares of the company’s stock valued at $13,986,000 after buying an additional 396,518 shares in the last quarter.

StandardAero Company Profile

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.