StandardAero (NYSE:SARO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of StandardAero (NYSE:SARO – Free Report) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other brokerages also recently issued reports on SARO. Morgan Stanley set a $33.00 price objective on StandardAero in a research report on Monday, August 10th. JPMorgan Chase & Co. raised their target price on StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Guggenheim started coverage on StandardAero in a research note on Monday, September 14th. They set a “neutral” rating on the stock. UBS Group boosted their price target on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, StandardAero has a consensus rating of “Moderate Buy” and an average price target of $33.64.

Read Our Latest Research Report on SARO

StandardAero Stock Up 3.1%

StandardAero stock opened at $22.45 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. StandardAero has a one year low of $19.56 and a one year high of $34.48. The company has a 50-day simple moving average of $22.90 and a 200-day simple moving average of $26.86. The firm has a market capitalization of $7.43 billion, a P/E ratio of 23.15 and a beta of 0.91.

StandardAero (NYSE:SARO – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.08. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. As a group, equities analysts expect that StandardAero will post 1.50 earnings per share for the current year.

Insider Buying and Selling at StandardAero

In other news, CEO Russell Ford sold 20,413 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.56, for a total value of $623,821.28. Following the completion of the sale, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at approximately $9,032,710.88. This represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 112,203 shares of company stock valued at $3,437,527. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Carlyle Group Inc. acquired a new stake in StandardAero in the second quarter worth approximately $2,529,998,000. BlackRock Inc. acquired a new position in shares of StandardAero during the 2nd quarter valued at $646,128,000. Jupiter Topco LLC acquired a new position in shares of StandardAero during the 2nd quarter valued at $366,857,000. Bank of America Corp DE bought a new stake in shares of StandardAero in the 2nd quarter worth $178,878,000. Finally, Findlay Park Partners LLP bought a new stake in shares of StandardAero in the 2nd quarter worth $150,523,000.

About StandardAero

(Get Free Report)

StandardAero is an aerospace maintenance, repair and overhaul (MRO) company that provides services for commercial and business aviation, military and government operators, and helicopter customers. The company supports aircraft throughout their operating life, helping customers maintain, repair, upgrade and return aircraft and components to service.

Its services include engine maintenance, repair and overhaul; airframe maintenance; avionics and electrical work; component and accessory repair; engineering; and aircraft modifications.

Further Reading

Analyst Recommendations for StandardAero (NYSE:SARO)

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