StandardAero, Inc. (NYSE:SARO – Get Free Report)’s share price reached a new 52-week low on Tuesday. The stock traded as low as $19.78 and last traded at $19.8510, with a volume of 306,665 shares traded. The stock had previously closed at $19.91.
Wall Street Analyst Weigh In
A number of brokerages have commented on SARO. Jefferies Financial Group set a $25.00 price objective on StandardAero in a research report on Thursday, September 24th. JPMorgan Chase & Co. raised their price objective on StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a report on Monday, August 24th. Guggenheim started coverage on StandardAero in a research report on Monday, September 14th. They set a “neutral” rating for the company. Finally, Wall Street Zen downgraded StandardAero from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, StandardAero presently has an average rating of “Moderate Buy” and an average price target of $34.00.
Get Our Latest Stock Report on StandardAero
StandardAero Trading Down 0.8%
StandardAero (NYSE:SARO – Get Free Report) last posted 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. StandardAero had a return on equity of 14.52% and a net margin of 5.12%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the business earned $0.20 earnings per share. StandardAero’s revenue for the quarter was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Sell-side analysts expect that StandardAero, Inc. will post 1.50 earnings per share for the current year.
Insiders Place Their Bets
In other StandardAero news, CEO Russell Ford sold 20,413 shares of StandardAero stock in a transaction on Friday, August 7th. The shares were sold at an average price of $30.56, for a total transaction of $623,821.28. Following the sale, the chief executive officer owned 295,573 shares in the company, valued at $9,032,710.88. The trade was a 6.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 111,423 shares of company stock worth $3,420,960 in the last 90 days. 2.10% of the stock is owned by insiders.
Hedge Funds Weigh In On StandardAero
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cooper Financial Group acquired a new stake in shares of StandardAero during the 3rd quarter valued at about $623,000. MassMutual Private Wealth & Trust FSB raised its position in StandardAero by 72.7% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,290 shares of the company’s stock worth $28,000 after purchasing an additional 543 shares in the last quarter. CX Institutional bought a new position in StandardAero during the third quarter worth about $36,000. Scholtz & Company LLC bought a new position in StandardAero during the second quarter worth about $3,960,000. Finally, WINTON GROUP Ltd boosted its holdings in StandardAero by 19.0% during the second quarter. WINTON GROUP Ltd now owns 113,814 shares of the company’s stock valued at $3,404,000 after purchasing an additional 18,206 shares in the last quarter.
StandardAero Company Profile
StandardAero is an aerospace maintenance, repair and overhaul (MRO) company serving commercial aviation, business aviation, general aviation, military and government customers. The company provides services designed to maintain, repair, overhaul and extend the operating life of aircraft and their components.
Its offerings include engine maintenance and overhaul, airframe services, avionics and electrical work, landing-gear and component support, engineering, and parts and logistics services.
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