StandardAero, Inc. (NYSE:SARO – Get Free Report) insider Michael Kaplan sold 780 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $21.24, for a total transaction of $16,567.20. Following the completion of the transaction, the insider owned 2,161 shares in the company, valued at approximately $45,899.64. This represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
StandardAero Stock Performance
Shares of SARO traded up $0.29 during trading hours on Friday, hitting $21.28. The company had a trading volume of 4,971,402 shares, compared to its average volume of 4,078,657. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 21.94 and a beta of 0.91. The business has a fifty day moving average of $23.57 and a 200-day moving average of $25.87. StandardAero, Inc. has a 12 month low of $19.56 and a 12 month high of $34.48. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84.
StandardAero (NYSE:SARO – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. StandardAero’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Equities analysts anticipate that StandardAero, Inc. will post 1.50 EPS for the current fiscal year.
Hedge Funds Weigh In On StandardAero
A number of hedge funds have recently bought and sold shares of the business. Carlyle Group Inc. acquired a new stake in StandardAero in the 2nd quarter worth about $2,529,998,000. BlackRock Inc. bought a new stake in StandardAero in the 2nd quarter valued at about $646,128,000. Allspring Global Investments Holdings LLC grew its position in shares of StandardAero by 42.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock worth $395,890,000 after purchasing an additional 4,523,693 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of StandardAero during the 2nd quarter worth approximately $366,857,000. Finally, Janus Henderson Group PLC grew its position in shares of StandardAero by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after purchasing an additional 816,276 shares in the last quarter.
Wall Street Analysts Forecast Growth
SARO has been the subject of several research reports. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Weiss Ratings downgraded StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Jefferies Financial Group set a $25.00 price objective on StandardAero in a report on Thursday, September 24th. Finally, Susquehanna reiterated a “negative” rating on shares of StandardAero in a research report on Thursday, October 1st. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.
Check Out Our Latest Stock Analysis on StandardAero
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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