StandardAero (NYSE:SARO) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of StandardAero (NYSE:SARO) from a hold rating to a buy rating in a report issued on Friday.

A number of other equities research analysts have also weighed in on SARO. Susquehanna assumed coverage on StandardAero in a research report on Wednesday, September 17th. They set a “positive” rating and a $34.00 price objective on the stock. Barclays began coverage on StandardAero in a report on Friday, September 12th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, CIBC cut their target price on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research report on Tuesday, July 8th. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.36.

StandardAero Price Performance

SARO stock opened at $26.75 on Friday. The stock has a market cap of $8.95 billion and a price-to-earnings ratio of 65.23. 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 company has a 50 day simple moving average of $27.46 and a 200 day simple moving average of $28.04. StandardAero has a 1 year low of $21.31 and a 1 year high of $34.38.

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

Insider Buying and Selling

In other StandardAero news, insider Alex Trapp sold 4,035 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $28.00, for a total transaction of $112,980.00. Following the completion of the sale, the insider owned 10,000 shares of the company’s stock, valued at approximately $280,000. This represents a 28.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 80,626 shares of company stock valued at $2,261,951 in the last quarter.

Institutional Investors Weigh In On StandardAero

Large investors have recently modified their holdings of the company. Comerica Bank bought a new position in StandardAero during the first quarter worth $26,000. First Horizon Advisors Inc. raised its position in shares of StandardAero by 100.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock worth $32,000 after acquiring an additional 509 shares in the last quarter. Corebridge Financial Inc. raised its position in shares of StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 825 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of StandardAero by 798.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock valued at $44,000 after purchasing an additional 1,229 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.