Russell Wayne Ford Sells 40,000 Shares of StandardAero (NYSE:SARO) Stock

StandardAero, Inc. (NYSE:SARO – Get Free Report) CEO Russell Wayne Ford sold 40,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $30.44, for a total value of $1,217,600.00. Following the transaction, the chief executive officer owned 486,955 shares of the company’s stock, valued at approximately $14,822,910.20. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Russell Wayne Ford also recently made the following trade(s):

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• On Wednesday, July 1st, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $30.23, for a total transaction of $1,209,200.00.
• On Thursday, April 16th, Russell Wayne Ford sold 10,638 shares of StandardAero stock. The shares were sold at an average price of $27.36, for a total transaction of $291,055.68.

StandardAero Trading Down 6.1%

SARO stock traded down $1.84 during mid-day trading on Wednesday, hitting $28.20. 3,818,827 shares of the company were exchanged, compared to its average volume of 4,300,702. The company has a quick ratio of 1.59, a current ratio of 2.12 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $9.37 billion, a P/E ratio of 32.04 and a beta of 0.91. The business has a fifty day simple moving average of $26.83 and a 200-day simple moving average of $28.27. StandardAero, Inc. has a 12-month low of $23.83 and a 12-month high of $34.48.

StandardAero (NYSE:SARO – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.49 billion. StandardAero had a net margin of 4.71% and a return on equity of 12.36%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. On average, equities research analysts predict that StandardAero, Inc. will post 1.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On StandardAero

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of StandardAero by 54.6% during the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock worth $90,000 after buying an additional 1,060 shares in the last quarter. Pacer Advisors Inc. purchased a new position in StandardAero in the first quarter worth approximately $579,000. NewEdge Advisors LLC acquired a new position in StandardAero during the 1st quarter worth approximately $383,000. Optiver Holding B.V. purchased a new stake in shares of StandardAero in the 1st quarter valued at approximately $51,000. Finally, Bank of America Corp DE increased its position in shares of StandardAero by 82.8% in the 1st quarter. Bank of America Corp DE now owns 3,502,681 shares of the company’s stock valued at $90,474,000 after purchasing an additional 1,586,306 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on SARO shares. Susquehanna lowered their price target on StandardAero from $40.00 to $37.00 and set a “positive” rating for the company in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $39.00 target price on shares of StandardAero in a research note on Friday, May 8th. Wells Fargo & Company assumed coverage on StandardAero in a report on Wednesday, April 1st. They set an “overweight” rating and a $32.00 target price for the company. BTIG Research started coverage on shares of StandardAero in a research note on Thursday, April 2nd. They set a “buy” rating and a $35.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of StandardAero from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

View Our Latest Analysis on StandardAero

About StandardAero

(Get Free Report)

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.

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