StandardAero (NYSE:SARO) Upgraded at Wall Street Zen

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

SARO has been the subject of a number of other reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $39.00 price target on shares of StandardAero in a research report on Friday. Zacks Research raised shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Susquehanna set a $38.00 price objective on shares of StandardAero in a research note on Thursday, January 15th. BTIG Research assumed coverage on shares of StandardAero in a research report on Thursday, April 2nd. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Truist Financial upgraded shares of StandardAero to a “strong-buy” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $34.70.

StandardAero Stock Performance

Shares of SARO stock opened at $26.76 on Friday. The stock’s 50-day moving average is $26.64 and its two-hundred day moving average is $28.16. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 30.40 and a beta of 0.81. StandardAero has a 1 year low of $23.83 and a 1 year high of $34.48. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.57 and a current ratio of 2.20.

StandardAero (NYSE:SARO) last announced its earnings results on Thursday, May 7th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. StandardAero had a net margin of 4.71% and a return on equity of 12.48%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.400-1.500 EPS. Analysts predict that StandardAero will post 1.43 earnings per share for the current year.

Insider Activity

In related news, insider Anthony Brancato sold 1,107 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total transaction of $30,287.52. Following the completion of the sale, the insider directly owned 2,991 shares in the company, valued at approximately $81,833.76. This trade represents a 27.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Russell Wayne Ford sold 10,638 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $27.36, for a total transaction of $291,055.68. Following the sale, the chief executive officer owned 14,342 shares of the company’s stock, valued at $392,397.12. The trade was a 42.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 59,337 shares of company stock valued at $1,732,660 in the last ninety days.

Institutional Trading of StandardAero

A number of large investors have recently added to or reduced their stakes in SARO. PNC Financial Services Group Inc. lifted its position in shares of StandardAero by 100.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,105 shares of the company’s stock valued at $235,000 after acquiring an additional 4,569 shares in the last quarter. Burling Wealth Partners LLC lifted its position in shares of StandardAero by 544.2% in the 1st quarter. Burling Wealth Partners LLC now owns 147,832 shares of the company’s stock valued at $3,819,000 after acquiring an additional 124,884 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of StandardAero by 2,121.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,336,831 shares of the company’s stock valued at $34,513,000 after acquiring an additional 1,276,647 shares in the last quarter. KBC Group NV lifted its position in shares of StandardAero by 40.2% in the 1st quarter. KBC Group NV now owns 7,416 shares of the company’s stock valued at $192,000 after acquiring an additional 2,128 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of StandardAero by 33.9% in the 1st quarter. Swiss National Bank now owns 390,100 shares of the company’s stock valued at $10,076,000 after acquiring an additional 98,700 shares in the last quarter.

About StandardAero

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.