StandardAero, Inc. (NYSE:SARO) Receives $34.42 Consensus PT from Analysts

StandardAero, Inc. (NYSE:SARO) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.4167.

SARO has been the topic of several recent analyst reports. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StandardAero in a research note on Saturday. Zacks Research lowered StandardAero from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. CIBC cut their price objective on StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a report on Tuesday, July 8th. Finally, Truist Financial initiated coverage on StandardAero in a report on Friday, October 10th. They issued a “buy” rating and a $35.00 price objective on the stock.

Insider Activity

In related news, insider Alex Trapp sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $29.21, for a total value of $292,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 90,626 shares of company stock valued at $2,554,051.

Institutional Investors Weigh In On StandardAero

Institutional investors and hedge funds have recently modified their holdings of the company. Carlyle Group Inc. increased its holdings in StandardAero by 1,912.5% during the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company’s stock worth $3,579,159,000 after purchasing an additional 127,676,968 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in StandardAero by 311.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 8,548,613 shares of the company’s stock worth $261,759,000 after purchasing an additional 6,471,813 shares during the period. Norges Bank purchased a new stake in StandardAero during the 2nd quarter worth about $203,038,000. Vanguard Group Inc. increased its holdings in StandardAero by 53.2% during the 1st quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock worth $243,324,000 after purchasing an additional 3,171,404 shares during the period. Finally, State Street Corp increased its holdings in StandardAero by 90.7% during the 2nd quarter. State Street Corp now owns 6,047,097 shares of the company’s stock worth $191,391,000 after purchasing an additional 2,875,579 shares during the period.

StandardAero Stock Performance

Shares of StandardAero stock opened at $28.92 on Wednesday. StandardAero has a 52 week low of $21.31 and a 52 week high of $31.97. The business’s fifty day simple moving average is $27.17 and its 200-day simple moving average is $28.14. The firm has a market cap of $9.67 billion and a PE ratio of 70.53. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91.

StandardAero (NYSE:SARO) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). StandardAero had a net margin of 2.37% and a return on equity of 8.87%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.02 EPS. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. Equities analysts forecast that StandardAero will post 0.29 earnings per share for the current year.

About StandardAero

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.