Insider Selling: StandardAero (NYSE:SARO) Insider Sells 2,873 Shares of Stock

StandardAero, Inc. (NYSE:SARO) insider Alex Trapp sold 2,873 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $28.00, for a total transaction of $80,444.00. Following the sale, the insider owned 14,035 shares of the company’s stock, valued at $392,980. This trade represents a 16.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alex Trapp also recently made the following trade(s):

• On Thursday, September 18th, Alex Trapp sold 73,718 shares of StandardAero stock. The shares were sold at an average price of $28.06, for a total transaction of $2,068,527.08.

StandardAero Stock Down 2.9%

Shares of SARO opened at $26.96 on Wednesday. The company has a 50-day simple moving average of $27.70 and a 200-day simple moving average of $28.07. The firm has a market capitalization of $9.02 billion and a P/E ratio of 65.76. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15. StandardAero, Inc. has a 52 week low of $21.31 and a 52 week high of $34.38.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.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. On average, equities research analysts expect that StandardAero, Inc. will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On StandardAero

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Carlyle Group Inc. raised its holdings in shares of StandardAero by 13.6% during the second quarter. Carlyle Group Inc. now owns 152,673,891 shares of the company’s stock worth $4,832,129,000 after acquiring an additional 18,321,061 shares during the period. Vanguard Group Inc. raised its holdings in shares of StandardAero by 53.2% during the first quarter. Vanguard Group Inc. now owns 9,133,766 shares of the company’s stock worth $243,324,000 after acquiring an additional 3,171,404 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of StandardAero by 311.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 8,548,613 shares of the company’s stock worth $261,759,000 after acquiring an additional 6,471,813 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of StandardAero by 29.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,418,195 shares of the company’s stock worth $224,261,000 after acquiring an additional 1,902,687 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of StandardAero by 9.1% during the first quarter. Wellington Management Group LLP now owns 8,106,811 shares of the company’s stock worth $215,965,000 after acquiring an additional 678,520 shares during the period.

Analyst Ratings Changes

Several research firms have recently commented on SARO. Barclays began coverage on shares of StandardAero in a research note on Friday, September 12th. They set an “equal weight” rating and a $32.00 price target on the stock. CIBC decreased their price target on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research note on Tuesday, July 8th. Wall Street Zen cut shares of StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Susquehanna began coverage on shares of StandardAero in a research note on Wednesday, September 17th. They set a “positive” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

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.