StandardAero, Inc. (NYSE:SARO) Sees Large Growth in Short Interest

StandardAero, Inc. (NYSE:SARO) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 13,067,829 shares, an increase of 45.6% from the March 15th total of 8,972,275 shares. Currently, 4.0% of the company’s shares are sold short. Based on an average daily volume of 4,123,512 shares, the days-to-cover ratio is presently 3.2 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Zacks Research raised shares of StandardAero from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Sanford C. Bernstein reiterated an “outperform” rating and set a $39.00 target price on shares of StandardAero in a report on Tuesday, February 24th. UBS Group raised their price target on shares of StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Susquehanna set a $38.00 price target on shares of StandardAero in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price objective on shares of StandardAero in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.70.

StandardAero Stock Down 4.4%

Shares of SARO stock traded down $1.20 during trading hours on Thursday, reaching $26.04. 3,223,851 shares of the stock were exchanged, compared to its average volume of 3,517,439. The business’s fifty day moving average is $28.33 and its two-hundred day moving average is $28.36. The firm has a market capitalization of $8.66 billion, a P/E ratio of 31.37 and a beta of 1.35. StandardAero has a 12-month low of $23.97 and a 12-month high of $34.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.20 and a quick ratio of 1.57.

StandardAero (NYSE:SARO) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. StandardAero had a net margin of 4.58% and a return on equity of 10.88%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, research analysts expect that StandardAero will post 0.29 EPS for the current fiscal year.

Insider Activity

In other StandardAero news, CEO Russell Wayne Ford sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $30.09, for a total value of $1,203,600.00. Following the transaction, the chief executive officer owned 606,955 shares of the company’s stock, valued at $18,263,275.95. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders sold 120,000 shares of company stock worth $3,627,200. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On StandardAero

Several large investors have recently bought and sold shares of the business. Norges Bank acquired a new position in StandardAero in the fourth quarter valued at $217,655,000. Price T Rowe Associates Inc. MD lifted its stake in shares of StandardAero by 33.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,000,143 shares of the company’s stock worth $401,525,000 after acquiring an additional 3,540,167 shares during the period. Victory Capital Management Inc. lifted its stake in shares of StandardAero by 175.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,040,723 shares of the company’s stock worth $144,568,000 after acquiring an additional 3,212,827 shares during the period. Bessemer Group Inc. boosted its holdings in shares of StandardAero by 447,114.3% in the fourth quarter. Bessemer Group Inc. now owns 3,103,667 shares of the company’s stock valued at $89,014,000 after acquiring an additional 3,102,973 shares in the last quarter. Finally, State Street Corp increased its stake in shares of StandardAero by 90.7% during the second quarter. State Street Corp now owns 6,047,097 shares of the company’s stock worth $191,391,000 after acquiring an additional 2,875,579 shares during the period.

StandardAero Company Profile

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.