Russell Wayne Ford Sells 20,413 Shares of StandardAero (NYSE:SARO) Stock

StandardAero, Inc. (NYSE:SARO) CEO Russell Wayne Ford sold 20,413 shares of StandardAero stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.56, for a total value of $623,821.28. Following the completion of the sale, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at $9,032,710.88. The trade was a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Russell Wayne Ford also recently made the following trade(s):

• On Thursday, August 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The shares were sold at an average price of $31.42, for a total transaction of $1,256,800.00.
• On Tuesday, August 4th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.24, for a total transaction of $1,209,600.00.
• On Monday, August 3rd, Russell Wayne Ford sold 10,969 shares of StandardAero stock. The stock was sold at an average price of $30.04, for a total transaction of $329,508.76.
• On Monday, July 6th, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.44, for a total transaction of $1,217,600.00.
• On Wednesday, July 1st, Russell Wayne Ford sold 40,000 shares of StandardAero stock. The stock was sold at an average price of $30.23, for a total value of $1,209,200.00.

StandardAero Price Performance

Shares of StandardAero stock opened at $28.21 on Wednesday. The stock has a market cap of $9.34 billion, a P/E ratio of 29.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13. The stock’s fifty day moving average is $28.01 and its 200 day moving average is $27.95. StandardAero, Inc. has a one year low of $23.83 and a one year high of $34.48.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial raised StandardAero to a “strong-buy” rating in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a report on Friday, May 8th. Susquehanna decreased their target price on shares of StandardAero from $40.00 to $37.00 and set a “positive” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded shares of StandardAero from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, UBS Group increased their price objective on shares of StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Two 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.77.

Hedge Funds Weigh In On StandardAero

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank purchased a new position in StandardAero in the first quarter worth about $26,000. Optiver Holding B.V. purchased a new position in shares of StandardAero in the 1st quarter worth approximately $51,000. Danske Bank A S bought a new position in shares of StandardAero during the 3rd quarter valued at approximately $82,000. Parallel Advisors LLC raised its holdings in StandardAero by 210.3% during the 4th quarter. Parallel Advisors LLC now owns 3,050 shares of the company’s stock valued at $87,000 after buying an additional 2,067 shares during the period. Finally, GAMMA Investing LLC lifted its position in StandardAero by 54.6% in the second quarter. GAMMA Investing LLC now owns 3,002 shares of the company’s stock worth $90,000 after buying an additional 1,060 shares during the last quarter.

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.