StandardAero (NYSE:SARO) Insider Sells $2,068,527.08 in Stock

StandardAero, Inc. (NYSE:SARO) insider Alex Trapp sold 73,718 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $28.06, for a total value of $2,068,527.08. Following the completion of the transaction, the insider owned 16,908 shares of the company’s stock, valued at $474,438.48. This trade represents a 81.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, September 19th, Alex Trapp sold 2,873 shares of StandardAero stock. The stock was sold at an average price of $28.00, for a total value of $80,444.00.

StandardAero Stock Performance

Shares of SARO stock opened at $26.96 on Wednesday. The firm has a market capitalization of $9.02 billion and a price-to-earnings ratio of 65.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. The business has a fifty day moving average of $27.70 and a 200 day moving average of $28.07. StandardAero, Inc. has a 1 year low of $21.31 and a 1 year high of $34.38.

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

Wall Street Analysts Forecast Growth

SARO has been the topic of several analyst reports. Susquehanna initiated coverage on StandardAero in a research report on Wednesday, September 17th. They set a “positive” rating and a $34.00 price target on the stock. Barclays initiated coverage on StandardAero in a research report on Friday, September 12th. They set an “equal weight” rating and a $32.00 price target on the stock. CIBC cut their price target on StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research report on Tuesday, July 8th. Finally, Wall Street Zen downgraded StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

Institutional Investors Weigh In On StandardAero

A number of institutional investors have recently modified their holdings of the business. Corebridge Financial Inc. grew its position in shares of StandardAero by 46.8% during the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock valued at $29,000 after acquiring an additional 344 shares during the period. Cerity Partners LLC grew its position in shares of StandardAero by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 69,758 shares of the company’s stock valued at $2,208,000 after acquiring an additional 416 shares during the period. First Horizon Advisors Inc. lifted its stake in StandardAero by 100.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock valued at $32,000 after buying an additional 509 shares in the last quarter. KBC Group NV lifted its stake in StandardAero by 32.2% in the 2nd quarter. KBC Group NV now owns 2,605 shares of the company’s stock valued at $82,000 after buying an additional 635 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in StandardAero by 272.3% in the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock valued at $30,000 after buying an additional 825 shares in the last quarter.

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.