StandardAero (NYSE:SARO) CFO Sells $63,092.16 in Stock

StandardAero, Inc. (NYSE:SARO) CFO Daniel Satterfield sold 2,306 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $27.36, for a total transaction of $63,092.16. Following the completion of the sale, the chief financial officer directly owned 6,232 shares in the company, valued at $170,507.52. This represents a 27.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

StandardAero Stock Up 2.8%

NYSE SARO traded up $0.74 on Friday, reaching $26.75. The company had a trading volume of 2,362,254 shares, compared to its average volume of 3,493,697. The company’s fifty day moving average is $28.26 and its 200-day moving average is $28.36. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 32.23 and a beta of 1.35. 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, Inc. has a 1-year low of $23.97 and a 1-year high of $34.48.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on SARO. BTIG Research assumed coverage on StandardAero in a research note on Thursday, April 2nd. They issued a “buy” rating and a $35.00 target price on the stock. Wells Fargo & Company began coverage on shares of StandardAero in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $32.00 price objective on the stock. UBS Group increased their target price on shares of StandardAero from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of StandardAero in a research note on Monday, December 22nd. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.70.

Institutional Investors Weigh In On StandardAero

A number of large investors have recently added to or reduced their stakes in SARO. Comerica Bank acquired a new stake in StandardAero during the 1st quarter valued at $26,000. Royal Bank of Canada increased its holdings in shares of StandardAero by 418.8% in the first quarter. Royal Bank of Canada now owns 138,268 shares of the company’s stock valued at $3,682,000 after purchasing an additional 111,617 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of StandardAero in the first quarter valued at about $521,000. Goldman Sachs Group Inc. bought a new position in shares of StandardAero in the first quarter valued at about $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of StandardAero during the 1st quarter worth about $12,343,000.

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.